How Lease Works For Solar Power

AREP/Bank purchases/owns solar/storage system

AREP pays for all capital costs and O & M

Customer provides downpayment: 20% of total expense prepaid 


Customer leases system for 7 years/buys back at FMV to be determined


Power Price will be lower than customer currently pays utility


          Solar system will provide hedge against future utility power price increases


Customer is at risk for system performance, maintenance after lease period


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