Synergy PPA

PROGRAM REQUIREMENTS:

  • NO GROUND MOUNTS

  • SYSTEM SIZE: 4 TO 20 KW

  • MINIMUM ANNUAL SOLAR ACCESS OF 90% (must have little to no shading)

  • Customer can select a levelized payment plan which will have them pay the production equally over the 12 month period. They can also choose to pay monthly for the production that is generated each month.

  • PG&E & SCE UTILITIES ONLY

OPTION A

HEARTBEAT PPA

  • FICO: 600 - 649

  • Only 1 homeowner needs to have a 600 FICO

  • Must have 5% Savings first Year

  • Term: 25 Years

  • Escalator: 0% or 2.9%

  • Rates:

    0% escalator = $0.209 per kWh

    2.9% escalator = $0.169 per kWh

  • TOTAL PAY OUT $3.00 per watt

OPTION B

PREMIUM PPA

  • FICO: 650+

  • Only 1 homeowner needs to have a 650 FICO

  • Must have 5% Savings first Year

  • Term: 25 Years

  • Escalator: 0% or 2.9%

  • Rates:

    0% escalator = $0.189 per kWh

    2.9% escalator = $0.149 per kWh

  • TOTAL PAY OUT $3.50 per watt


CONFIRMATION CALL:

A confirmation call will be performed by our PPA investor’s office. Here are the questions they will cover:

  • Are you the homeowner

  • How many years have you owned your home

  • Email Confirmation

  • Let them know the billing will commence right after PTO is issued. Billing is done on a monthly basis, paymants will be due every 20th of the month. They are delinquent 10 days after the 20th.

  • Confirm with the customer:

    • kWh rate

    • Yearly kWh escalation rate

    • Approx monthly payment. Explain the payment is subject to a -5% decrease or +10% increase without the need to resign ther original agreement

    • Estimated remaining electricity bill

    • Customer is informed they are signing a Power Purchase Agreement. they are agreeing to purchase power their system produces. The system will not be theirs after the 25 year term, however they do have a buyout option starting year 6 and any year after that.

SALES PROCESS

  1. Submit PPA Solar Proposal (Must include PG&E Account Number)

  2. Receive PPA Proposal and get Customer to move forward

  3. Request PPA Contract/Credit CheckDocuments from Sales Support

REQUIRED DOCUMENTS/INFORMATION

  1. Fluctuating or Levelized Payment Form.

  2. Utility Bill.

  3. Voided Check.

  4. Heartbeat Validation Call once credit is approved.


THIS IS THE SYSTEM WE WILL INSTALL WITH THE PPA

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MODULE

REC TWIN PEAK TWINPEAK 2

20 year manufacturer warranty

25 year power production warranty


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“SNAP N RACK” RACKING

20 year manufacturer warranty


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SOLAR EDGE INVERTER

What is a PPA?

A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost. The developer sells the power generated to the host customer at a fixed rate that is typically lower than the local utility’s retail rate. This lower electricity price serves to offset the customer’s purchase of electricity from the grid while the developer receives the income from these sales of electricity as well as any tax credits and other incentives generated from the system. PPAs typically range from 10 to 25 years and the developer remains responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA contract term, a customer may be able to extend the PPA, have the developer remove the system or choose to buy the solar energy system from the developer.

Benefits of PPA’s for Solar Customers:

  • No or low upfront capital costs: The developer handles the upfront costs of sizing, procuring and installing the solar PV system. Without any upfront investment, the host customer is able to adopt solar and begin saving money as soon as the system becomes operational.

  • Reduced energy costs: Solar PPAs provide a fixed, predictable cost of electricity for the duration of the agreement and are structured in one of two ways. Under the fixed escalator plan, the price the customer pays rises at a predetermined rate, typically between 2% - 5%. This is often lower than projected utility price increases. The fixed price plan, on the other hand, maintains a constant price throughout the term of the PPA saving the customer more as utility prices rise over time.

  • Limited risk: The developer is responsible for system performance and operating risk.

  • Better leverage of available tax credits: Developers are typically better positioned to utilize available tax credits to reduce system costs.  For example, municipal hosts and other public entities with no taxable income would not otherwise be able to take advantage of the Section 48 Investment Tax Credit.

  • Potential increase in property value: A solar PV system has been shown to increase residential property values. The long term nature of these agreements allows PPAs to be transferred with the property and thus provides customers a means to invest in their home at little or no cost.