Ppa Solar Lease Template for United States

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Key Requirements PROMPT example:

Ppa Solar Lease

"Need a PPA Solar Lease agreement for a 500kW rooftop installation on our manufacturing facility in Texas, with a 20-year term starting March 2025 and including battery storage provisions."

Document background

The PPA Solar Lease is utilized when a solar developer wishes to install and operate a solar energy system on a customer's property while maintaining ownership of the system. This hybrid agreement structure, common in the United States, allows property owners to benefit from solar energy without capital investment while providing developers with steady revenue streams. The document addresses key aspects including installation rights, energy pricing, maintenance obligations, and property access, while ensuring compliance with both federal and state-specific renewable energy regulations. This type of agreement has become increasingly popular as businesses and property owners seek to reduce energy costs and carbon footprints through solar adoption.

Suggested Sections

1. Parties: Identification of the system owner/lessor and the property owner/lessee

2. Background: Context of the agreement and basic premises, including reference to key legislation like PURPA and Federal Power Act

3. Definitions: Key terms used throughout the agreement, including technical and regulatory definitions

4. Lease Terms: Duration, renewal options, and basic commercial terms of the lease

5. Payment Terms: Power purchase rates, escalators, payment schedule, and billing procedures

6. System Installation: Installation requirements, timeline, specifications, and compliance with applicable codes

7. Operation and Maintenance: Responsibilities for system maintenance, performance monitoring, and repairs

8. Insurance and Liability: Required insurance coverage, allocation of risks, and indemnification provisions

9. Termination and Default: Conditions for termination, remedies for default, and early termination fees

Optional Sections

1. Purchase Option: Terms for system purchase by lessee, including pricing methodology and exercise procedures

2. Environmental Attributes: Ownership and trading of Renewable Energy Credits (RECs) and other environmental benefits

3. Battery Storage: Terms related to battery storage systems, including additional maintenance and performance requirements

4. Force Majeure: Provisions for unforeseeable circumstances preventing performance of obligations

Suggested Schedules

1. Schedule A - System Specifications: Technical details of the solar system, including equipment specifications and warranties

2. Schedule B - Site Plan: Detailed layout of system installation, including property drawings and access points

3. Schedule C - Payment Schedule: Detailed pricing, payment terms, and rate escalators

4. Schedule D - Performance Guarantees: Specific performance metrics, measurement methodology, and compensation mechanisms

5. Schedule E - Interconnection Requirements: Technical and operational requirements for grid connection

6. Schedule F - Applicable Permits: List of required permits, approvals, and responsible parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Commercial Real Estate
Industrial
Education
Healthcare
Agriculture

Relevant Teams

Legal
Facilities
Sustainability
Finance
Operations

Relevant Roles

Chief Sustainability Officer
Facilities Manager
Energy Manager
Real Estate Director
Procurement Manager

Industries

PURPA: Public Utility Regulatory Policies Act - Federal law that requires utilities to purchase power from qualifying facilities, including renewable energy sources

Federal Power Act: Fundamental federal legislation governing the transmission and wholesale of electric power in interstate commerce

ITC Regulations: Investment Tax Credit regulations under Internal Revenue Code Section 48, providing tax incentives for solar energy investments

FERC Regulations: Federal Energy Regulatory Commission rules governing interstate electricity transmission and wholesale power sales

NEPA: National Environmental Policy Act - Requires federal agencies to assess environmental impacts of their proposed actions

NEC: National Electric Code - Sets standards for electrical wiring and equipment installation for solar PV systems

State PUC Regulations: State Public Utility Commission regulations governing utility operations, rates, and solar interconnection requirements

State RPS: State Renewable Portfolio Standards - State-specific requirements for renewable energy generation and incentives

Solar Access Laws: State-specific laws protecting solar system owners' right to sunlight and preventing restrictions on solar installation

Net Metering Policies: State-specific policies governing how utilities credit solar energy system owners for excess power generation

Local Zoning Laws: Municipal regulations governing solar installation locations, height restrictions, and land use requirements

Building Codes: Local construction and safety requirements applicable to solar PV system installation

Permit Requirements: Local governmental permits needed for solar system installation and operation

UCC: Uniform Commercial Code - Governs commercial transactions including equipment leasing and security interests

Consumer Protection Laws: Federal and state laws protecting consumer rights in solar lease agreements and PPAs

Insurance Requirements: Mandatory insurance coverage requirements for solar installations and operations

Securities Laws: Federal and state regulations that may apply if the solar financing structure involves securities

Commercial Leasing Regulations: State and local laws governing commercial property leases and equipment leasing arrangements

Find the exact document you need

Utility Scale Solar Ppa

A U.S.-governed agreement for the long-term purchase of electricity from utility-scale solar facilities.

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Authors

Alex Denne

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