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Residential Solar Power Purchase Agreement
"I need a Residential Solar Power Purchase Agreement for a 10kW solar system installation in Surrey, where my company will retain ownership and sell power to the homeowner at £0.14/kWh, with a system purchase option available after 5 years."
1. Parties: Identification and details of the system owner/provider and the homeowner
2. Background: Context of the agreement and brief description of the solar PPA arrangement
3. Definitions: Defined terms used throughout the agreement including technical, financial, and legal terminology
4. System Description: Technical specifications of the solar PV system and installation location
5. Term and Termination: Duration of agreement, renewal options, and circumstances for early termination
6. Payment Terms: Pricing structure, billing frequency, payment methods, and late payment provisions
7. Installation: Installation process, timeline, access requirements, and completion criteria
8. Maintenance and Operation: Ongoing maintenance responsibilities, access rights, and performance monitoring
9. Warranties and Guarantees: Performance guarantees, equipment warranties, and remedy provisions
10. Liability and Indemnification: Allocation of risks, limitation of liability, and indemnification obligations
11. Force Majeure: Events outside parties' control and their impact on obligations
12. Governing Law: Specification of English and Welsh law as governing law and jurisdiction
1. Purchase Option: Terms for customer purchase of the system, including pricing structure and transfer process
2. Property Sale Provisions: Procedures and options available when the property is sold, including transfer or termination rights
3. Insurance Requirements: Specific insurance obligations beyond standard coverage requirements
4. Grid Connection: Specific provisions relating to grid connection and export arrangements
5. Data Protection: Specific provisions for handling personal and system performance data
1. Schedule 1 - System Specification: Detailed technical specifications of the solar PV system including equipment details
2. Schedule 2 - Payment Schedule: Detailed pricing structure, payment terms, and rate escalators if applicable
3. Schedule 3 - Performance Guarantee Parameters: Specific performance metrics, measurement methodology, and guarantee calculations
4. Schedule 4 - Installation Timeline: Projected installation schedule, milestones, and completion criteria
5. Schedule 5 - Maintenance Schedule: Regular maintenance requirements, scheduling, and access provisions
6. Schedule 6 - Property Details: Specific information about the installation property including roof specifications
7. Schedule 7 - Form of Notices: Template forms for various notices required under the agreement
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