Lightsource Renewable Energy

 

Lightsource Renewable Energy

Solar Power Purchase Agreement (Solar PPA)

Commercial and Schools

There is a better way to provide businesses with low cost electricity while contributing to a cleaner environment for us all to live in. This is why the Lightsource Solar PPA is such a great solution for businesses. Lightsource guarantees the electricity production of their systems to their customers so they can have peace of mind that the system will deliver low cost electricity for them in the long term.

The electricity price you pay under the Solar PPA is far less than the current market rate from your utility. A comparison of the published prices charged by Smartest Energy Ltd (incl. RO and CCL contributions) show that a half hourly metered customer would typically pay – the total price is 10.7p versus 5.0p under the Solar PPA.

• Switch today with no upfront or ongoing maintenance costs
• Lightsource will install, own and maintain the system on your roof for free, and you will only pay for the electricity that you use each month at a rate of 5.0p/kWh increasing annually with RPI 
• The Solar PPA works is parallel with your existing electricity supply
• The Solar PPA term is 20 years; Lightsource guarantees to remove the system from your roof after this period or you can consider an extension.

Solar PPA Key Terms

Credit Check. Lightsource will seek a credit report to confirm good financial standing

If You Move. Lightsource will transfer the Solar PPA to the new occupier or terminate the agreement

Your Responsibilities. Your principal obligation is to host Lightsource’s system for 20 years; provide access for installation and maintenance.  To not interfere with the system and not connect any other renewable technologies such as wind turbines.

Your Right to Terminate. You can terminate on 6 months notice at the 5 year point; or if you are moving. In both cases, there is a termination payment.

Conditions Prior To Installation. The Solar PPA agreement needs to be signed before installation.

Removal Of The System. All equipment will be removed at the end of the term. Equipment may also be removed if roofing maintenance is required to be carried out.

License. This is a 20 year contract with Lightsource. This obliges Lightsource to install and maintain the solar system on your roof.

Insurance. Lightsource’s insurance covers damage, loss and theft; third party damage; and any damage that is caused to your rooftop as a result of the installation or presence of the system.