Lease

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

RENEWABLE ENERGY PARTNERS