SolarCity Releases Residential Solar Contract Templates

Posted by SI Staff on February 15, 2013 No Comments
Categories : New & Noteworthy

SolarCity has made public its standard residential lease and power purchase agreement (PPA) contracts, along with a list of solar contract tips.

‘Our motive in releasing our contracts is to equip consumers with the information they need to comfortably adopt solar, and to better establish solar as a mainstream energy source,’ explains Seth Weismann, SolarCity's vice president and general counsel.

SolarCity's customer contracts have been vetted by 20 of the top law firms in the U.S. Its contracts have also been vetted for use in funds financed by 15 major financing partners and are accepted in more than 150 utility jurisdictions, the company adds.

SolarCity and other third-party solar providers have faced criticism from some in the industry for using financial terms that may not be in customers' best financial interests. The company is also being investigated by the U.S. Department of Treasury over possible discrepancies in stated system values.

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