Supplementary Agreement Sample for Photovoltaic Panel Lease

What is a solar lease agreement?

A solar lease agreement is a document you use to lease out solar power and equipment to another party. This template lets you create a residential or commercial solar lease agreement for either the buyer/client or the Power Provider/developer. However, generally, the developer provides it, and it helps ensure financial certainty for both parties.

Do you need a solar power lease agreement?

A solar power lease agreement is a good option if you want to start using solar energy but don’t have the initial capital to install the system. In these cases, it’s the company’s responsibility to design, install, and maintain the entire system. The client will then pay a fixed monthly rate for the power produced by the system.

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.

What are the different types of solar panel agreements & proposals?

There are different types of solar panel agreements and proposals available. The one you use will depend on a few different factors. These factors include whether you lease or buy solar panels and whether the contract is for a home, business, or even a large development. A power purchase agreement or PPA is similar to a solar lease agreement.

What should a solar panel contract include?

Your solar panels’ contract should estimate how much energy will be produced and what savings the client can expect. This section of the agreement should clearly outline how the system’s performance will be monitored and what guarantees are given. Solar power has many benefits for businesses and commercial properties, such as

Do you need a solar power agreement?

These agreements can be related to a solar power lease, PPA, or outright buying of the system. Whenever developing alternate forms of power, it’s good to have an agreement with your Provider. This ensures everyone is clear on their roles and responsibilities.