Solar Lease began in 2007, today there is a new form of a solar lease (PPA) Power Purchase Agreement, wherein a financier finances the installation, and the homeowner pays them in through a new kWh/$ payment structure in a 20-year term. Therefore, you would only be paying for the energy that is produced monthly by your system. These two options will help you generate immediate savings, but can both of these two options help you in long-term saving?
-Top of the line equipment
-Zero down payment
-Up to 30% Savings over the cost of utility.
-Optional fixed rate with 0% escalator.
= Fixed monthly payment
The SunPower Lease guarantees energy production and if there's a shortfall, SunPower will compensate the homeowner for the lost of the production.
-Conventional solar equipment
-Zero down payment
-Not optional 2.9% annual escalator
You are responsible to pay the energy price for all the Energy produced by the system as mesured by the meter whether you use it or not. PLUS APPLICABLE TAXES.
- No long term savings
- 0.5 degradation each year
- 0.2 degration each year
$0.8 by the kWh*
Price and Payment
(The sum of the 12 monthly payments in a year divided by the expected production in that year)
(Electricity produced by the system as measured in kilowatt-hours)
$0.11 by the kWh
= different payment each month
+2.9% annual increase
-no hidden fees
(If the local utility does not raise at least 3% the first year you will be paying more than traditional power).
(Prices can be as low as $0.8)
(Equinox AC system)
(High voltage DC system, very dangerous)
With both lease and PPA, the new buyer can take over the remaining of the lease. With the SunPower lease, you have advanced technology with higher bill off-set, less degradation, and more overall savings, this can be a selling point. Home buyers will see that the SunPower Lease is more attractive because, in the long term, they will always pay less than the utility company. When you lease a SunPower solar system it comes with a production guarantee and power warranty, you will have the highest efficiency solar panels in the industry.
What happens if I want to sale my house?
Doesn’t matter what you call the agreement either you purchase the electricity or lease the equipment it all comes down to how much you will be saving!
How does the warranty and guarantee work?
For lease systems SunPower provides a Performance Guarantee (PEGU) for 20 years (during the term of the lease). If the system produces below your estmated range, SunPower will reimburse you.
Frequently Asked Questions
The PPA does not warranty or guarantee the amount of energy produced by the system for any period.