Understanding Sunrun PPA Agreement: Key Legal Terms and FAQs

The Sunrun PPA Agreement: A Game-Changer for Solar Energy

As a passionate advocate for renewable energy, I am excited to discuss the Sunrun Power Purchase Agreement (PPA) and its potential to revolutionize the solar energy industry. Sunrun, a leading residential solar company, has been at the forefront of providing affordable and accessible solar energy solutions to homeowners across the United States.

The Sunrun PPA homeowners the to the of solar power the upfront costs of a solar system. Instead, homeowners can enter into a long-term contract with Sunrun to buy the electricity generated by the solar panels installed on their property. This not only homeowners to money on their bills but contributes to the of carbon emissions and on fuels.

Benefits of the Sunrun PPA Agreement

Let`s take a closer look at some of the key benefits of the Sunrun PPA agreement:

Benefit Description
Cost Savings Homeowners can enjoy immediate savings on their electricity bills with no upfront costs for solar panel installation.
Environmental Impact By to solar power, homeowners can reduce their footprint and to a future.
Maintenance and Monitoring Sunrun takes care of the maintenance and monitoring of the solar panels, ensuring optimal performance and peace of mind for homeowners.

Case Study: The Impact of Sunrun PPA Agreement

Let`s a example of how the Sunrun PPA agreement has a for homeowners. The Smith family, based in California, decided to go solar with Sunrun and entered into a PPA agreement. Over the course of five years, they saved over $10,000 on their electricity bills and prevented 50 tons of carbon dioxide emissions from entering the atmosphere.

The Sunrun PPA agreement a approach to solar energy and for homeowners. Its beyond savings, to a and future for our planet. As homeowners solar power through agreements like the Sunrun PPA, can forward to a and future.

Sunrun PPA Agreement

This Power Purchase Agreement (“PPA”) is entered into on this day between Sunrun Inc. (“Sunrun”) and Customer (“Customer”). This the terms and of the solar power to be and the purchase of by the Customer from Sunrun.

1. Definitions
1.1. “Customer” refers to the party entering into this agreement with Sunrun for the purchase of solar electricity.
1.2. “Sunrun” refers to Sunrun Inc., a corporation duly organized and existing under the laws of the state of California.
1.3. “PPA” refers to this Power Purchase Agreement governing the terms and conditions herein.
2. Solar Power System Installation
2.1. Sunrun shall install a solar power system at the Customer`s premises in accordance with applicable laws and regulations.
2.2. The Customer shall provide Sunrun with access to the premises for the installation and maintenance of the solar power system.
3. Purchase of Electricity
3.1. The Customer agrees to purchase all electricity generated by the solar power system from Sunrun at the agreed-upon rates and terms.
3.2. Sunrun be for the and of the solar power system to ensure supply of electricity to the Customer.
4. Term and Termination
4.1. This PPA have a of [Insert Term] and be by either in with the specified herein.
4.2. Upon termination, the Customer shall have the option to purchase the solar power system from Sunrun at a fair market value.

This Power Purchase Agreement is entered into on the date first above written.

Frequently Asked Legal Questions About Sunrun PPA Agreement

Question Answer
1. What is a Sunrun PPA agreement? A Sunrun PPA (Power Purchase Agreement) a between a and Sunrun, a solar company, where the agrees to the power by the solar panels on their at a rate.
2. What are the key terms and conditions of a Sunrun PPA agreement? The terms and of a Sunrun PPA agreement the of the agreement, the at which the will the solar power, and responsibilities, and for buying out the agreement early.
3. What are the benefits of entering into a Sunrun PPA agreement? Entering into a Sunrun PPA can with to clean and energy, cost on their bills, and the to their footprint.
4. What the risks and of a Sunrun PPA agreement? Potential risks and of a Sunrun PPA include the of costs if prices decrease, on making to the property, and the to the agreement if the property is sold.
5. Can a homeowner terminate a Sunrun PPA agreement early? Yes, a can terminate a Sunrun PPA early, but may required to a fee or out the remaining of the agreement.
6. What happens if a homeowner wants to sell their property with a Sunrun PPA agreement? If a wants to their property with a Sunrun PPA they can the to the new or buy out the remaining of the before the sale.
7. What are the tax implications of a Sunrun PPA agreement? The implications of a Sunrun PPA can but homeowners be for federal tax for solar panels, and consult with a tax for specific advice.
8. What legal protections are in place for homeowners entering into a Sunrun PPA agreement? Homeowners into a Sunrun PPA are protected by protection laws, as well as by the and outlined in the itself.
9. Can a make to their with a Sunrun PPA agreement in place? Depending on the of the homeowners may in making to their especially those could the solar panel system.
10. How can a homeowner determine if a Sunrun PPA agreement is right for them? Homeowners should their needs, situation, and property before into a Sunrun PPA and may from with a or advisor.

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