Photovoltaic panel rental contract template

What is the difference between a PPA and a solar lease agreement?

In a PPA, you buy the net amount of solar power you use from the meter at a fixed rate per kWh. However, with a solar lease agreement, you generally pay a fixed monthly amount. That monthly amount allows you to use all the output energy the solar equipment generates.

Should you lease or buy solar panels?

Homeowners do get to take advantage of net metering, so the solar panels still lower or eliminate their electric bill. Solar leases provide predictable monthly payments, increase access to solar, and have no maintenance costs for the homeowner.

How do Solar Lease companies make money?

All the solar lease providers listed make their money by financing a solar system for your home and then selling you the solar electricity from the panels. In most cases, the companies promise you will save money on your power bills in the first year – a win-win situation.

Can a provider sell a photovoltaic system to a customer?

WHEREAS, Provider has offered, at his sole cost and expense, to install, maintain, own, replace, repair, and operate a photovoltaic system at one or more of the Property (ies) and to sell Solar Services (as hereafter defined) produced by the solar photovoltaic system to Customer as provided in and subject to the provisions of this Agreement.

Should you lease solar panels if you're moving to a new home?

Customers who choose to lease solar panels may find themselves in circumstances where they want to end their lease, such as if they are moving to a new home or they find that the lease payments plus electricity from the grid — if their system wasn’t sized properly — end up costing them more.