Common Contracts
2 similar Solar Power Purchase Agreement (Ppa) contracts
S O L A R F I N A N C I N G W I T H N O M O N E Y D O W N & N O I N S T A L L A T I O N C O S T SSolar Power Purchase Agreement (Ppa) • August 16th, 2018
Green Bank Solar PPA At a Glance What are the key features?❖ Standard agreement has a 20-year term❖ “True-up” process allows you to pay only for theelectricity generated)❖ Third-party solar system owner maintains the system and manages all equipment and warranty issues❖ Option to buy the solar system at fair market value❖ Technical and financial review of project so that you can have confidence that your system should meet its electricity production targets Which property types are eligible?❖ Commercial properties, including industrial, office, retail, and agricultural.*❖ Nonprofit properties, including faith-based institutions, recreational facilities, museums, and theaters.*❖ Public properties and institutions.** * Properties must meet Property Assessed Clean Energy (PACE) program financing requirements or – on an exception basis – alternative underwriting criteria. ** Municipal properties must be investment grade in order to qualify, or otherwise subject to alternative underwriting
S O L A R F I N A N C I N G W I T H N O M O N E Y D O W N & N O I N S T A L L A T I O N C O S T SSolar Power Purchase Agreement (Ppa) • August 16th, 2018
Green Bank Solar PPA At a Glance What are the key features?❖ Standard agreement has a 20-year term❖ “True-up” process allows you to pay only for theelectricity generated)❖ Third-party solar system owner maintains the system and manages all equipment and warranty issues❖ Option to buy the solar system at fair market value❖ Technical and financial review of project so that you can have confidence that your system should meet its electricity production targets Which property types are eligible?❖ Commercial properties, including industrial, office, retail, and agricultural.*❖ Nonprofit properties, including faith-based institutions, recreational facilities, museums, and theaters.*❖ Public properties and institutions.** * Properties must meet Property Assessed Clean Energy (PACE) program financing requirements or – on an exception basis – alternative underwriting criteria. ** Municipal properties must be investment grade in order to qualify, or otherwise subject to alternative underwriting
