California's Power Purchase Agreement (PPA)
What is the Power Purchase Agreement for California?
$0 Down Payment
Pay For The Power at a much lower Pre-Determined Rate with no tears and no TOU Time of Use)
- Immediate Savings From Day 1
- Solar as a Service is a Simple, Cheap, and Worry-Free
- Insurance, Repair, and Maintenance of the System is Included
- Web Enabled Monitoring at No Additional Cost
- Transfers Easily to New Owners if you Move
- Customer Example
- Monthly Utility Bill Pre-Solar: $218
- Monthly Utility Bill With Solar: $0
- Monthly Savings Year 1: $88
Annual Savings: $1056
25 Year Savings After Utility Inflation: $62,521
PPA Frequently Asked Questions
How does a Power Purchase Agreement (PPA) work?
With a solar PPA you agree to have a solar system installed on your roof at no cost to you, and to purchase the power your system generates over 25 years at a discounted, pre-determined rate. We own the solar panels, not the homeowner, so instead of paying for the system, you pay a much lower rate for your energy that the panels produce. At the end of the Year, you may also receive a credit from the utility company!
What happens after 25 years?
At the end of the 25 year term, you may have the system removed for free, upgrade to a new system and sign a new agreement, renew your agreement, or buy the system for at an extremely low rate.
What happens if I move?
If you move, you may transfer the agreement (with the low rate you agreed upon) to the new Homeowner, buy the system outright, or prepay the expected remaining payments.
Is my monthly payment fixed or does it fluctuate?
Yes your payment is fixed annually. Your system is guaranteed to produce the power we say it will or you get a check for the difference however, this is extremely rare. IF you produce more power than was quoted to you, you keep the utility credit and are not charged for the over production. You pay the same every month. No more surprises! Your rate by law cannot go up more than 2.99% per year. On a $130 a month bill, 2.99% is $3.88
Do I get to keep the tax credit with a PPA?
No. Sunrun owns and maintains the system for you so… They get the credit for providing the system.