The Prepaid Solar Power Purchase Agreement is used when a customer wishes to secure long-term solar power generation through an upfront payment rather than ongoing charges. This agreement, governed by English and Welsh law, provides comprehensive coverage of system installation, maintenance, performance guarantees, and regulatory compliance. It's particularly relevant for property owners seeking to invest in renewable energy infrastructure while ensuring clear contractual obligations and protections for all parties involved.
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1. Parties: Identification of the solar system provider and purchaser
2. Background: Context of the agreement, including property details and system specifications
3. Definitions: Key terms used throughout the agreement including relevant regulatory and legislative definitions
4. System Description: Detailed specifications of the solar system to be installed
5. Purchase Price and Payment Terms: Prepayment amount, payment schedule, and related financial terms
6. Installation: Installation process, timeline, and requirements
7. Performance Guarantees: Expected system output and performance warranties
8. Maintenance and Operation: Ongoing maintenance responsibilities and operational requirements
9. Term and Termination: Duration of agreement and termination provisions
1. Export Credits: Terms relating to excess power exported to grid and Smart Export Guarantee (SEG) scheme requirements
2. Insurance: Insurance requirements and coverage details for the solar system and installation
3. Environmental Attributes: Ownership and trading of renewable energy certificates and REGOs
4. Battery Storage: Terms relating to battery storage system specifications and operation
1. Schedule 1 - System Specifications: Detailed technical specifications of solar system components
2. Schedule 2 - Performance Projections: Expected energy generation calculations and assumptions
3. Schedule 3 - Installation Timeline: Detailed installation schedule and milestones
4. Schedule 4 - Maintenance Schedule: Planned maintenance activities and frequencies
5. Schedule 5 - Property Details: Site plans and property documentation
6. Schedule 6 - Warranty Documentation: Manufacturer warranties and performance guarantees
7. Schedule 7 - Grid Connection Details: Technical requirements and agreements for grid connection
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