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Hello Everyone - Newbie here 
I have gotten around 6 total quotes for either a buy, lease, and prepaid (PPA). From my understanding the lease isn't a favorable option in this forum. But, I am leaning towards a 13 panel 260W system by REC Solar for $7,000.00 (in the lease it states $7,228.00, but I had it down to 7,000.00). If I buy the system it'll be around 12,000.00 - Rebate - 30% Fed Tax Credit and that will come out to 7,500 roughly. I have the cash to pay upfront, so once it's installed all i will have to pay for is $10.00 to LADWP and anything in access to my normal usage. I get another 500.00 for just referring 2 people and they don't have to buy, but if they do buy, I'll get 1,000.00. Anyhow, it's a 3.3kW system (REC Peak Energy Series Panel and Power One PVI 3.0 series inverter). I can opt out of the lease after 5 years and it has a value of '0' dollars. I am attaching the lease contract and any advice would be appreciated it. You guys here are very knowledgeable here and can possibly guide me to the right direction. Please advise and Thank you in advance!
I'm in Tier 1 with LADWP and my current usage:
1/28/13 - 3/27/13 - 880 kWh
3/27/13 - 5/24/13 - 901 kWh
5/24/13 - 7/25/13 - 1,280 kWh
7/25/13 - 9/27/13 - 1,020 KWh
9/27/13 - 11/27/13 - 947 kWh
11/27/13 - 1/28/14 - 858kWh
At the signing of this Lease, you will pay Sunrun a non-refundable Solar Service Deposit of $500. At the start of installation of the Solar Facility, you will pay Sunrun an Initial Solar Service Payment of $6,728. Together, these payments comprise the Upfront Payment ("Upfront Payment"). As scheduled below, your upfront payment is subject to refund if the Guaranteed Output is not met.
Upon each anniversary of the In-Service Date, Sunrun will issue you a refund if Actual Output is less than Guaranteed Output to Date. Please see Section 8 for additional information, including certain limitations. Performance Guarantee Purchase Option End of Year Guaranteed kWh Output to Date Refund / kWh If Guaranteed Output Not Met Minimum Cash Purchase Price
End of Year Guaranteed kWh Output to Date Refund / kWh If Guaranteed Output Not Met Minimum Cash Purchase Price
1 5,595 $0.130 $7,265
2 11,148 $0.130 $5,449
3 16,674 $0.130 $3,633
4 22,172 $0.130 $1,816
5 27,642 $0.130 $0
6 33,084 $0.130 $0
7 38,498 $0.130 $0
8 43,884
9 49,242 " "
10 54,572
11 59,874
12 65,148
13 70,394
14 75,612
15 80,802 " "
16 85,964
17 91,098
18 96,205
19 101,283
20 106,333 " "
After the Initial Term, for any Renewal Terms, Sunrun shall on each anniversary of the In-Service Date establish a new monthly lease payment based on the fair market value of the system at that time. In no event shall the monthly lease payment be less than $0.00.
I have gotten around 6 total quotes for either a buy, lease, and prepaid (PPA). From my understanding the lease isn't a favorable option in this forum. But, I am leaning towards a 13 panel 260W system by REC Solar for $7,000.00 (in the lease it states $7,228.00, but I had it down to 7,000.00). If I buy the system it'll be around 12,000.00 - Rebate - 30% Fed Tax Credit and that will come out to 7,500 roughly. I have the cash to pay upfront, so once it's installed all i will have to pay for is $10.00 to LADWP and anything in access to my normal usage. I get another 500.00 for just referring 2 people and they don't have to buy, but if they do buy, I'll get 1,000.00. Anyhow, it's a 3.3kW system (REC Peak Energy Series Panel and Power One PVI 3.0 series inverter). I can opt out of the lease after 5 years and it has a value of '0' dollars. I am attaching the lease contract and any advice would be appreciated it. You guys here are very knowledgeable here and can possibly guide me to the right direction. Please advise and Thank you in advance!
I'm in Tier 1 with LADWP and my current usage:
1/28/13 - 3/27/13 - 880 kWh
3/27/13 - 5/24/13 - 901 kWh
5/24/13 - 7/25/13 - 1,280 kWh
7/25/13 - 9/27/13 - 1,020 KWh
9/27/13 - 11/27/13 - 947 kWh
11/27/13 - 1/28/14 - 858kWh
At the signing of this Lease, you will pay Sunrun a non-refundable Solar Service Deposit of $500. At the start of installation of the Solar Facility, you will pay Sunrun an Initial Solar Service Payment of $6,728. Together, these payments comprise the Upfront Payment ("Upfront Payment"). As scheduled below, your upfront payment is subject to refund if the Guaranteed Output is not met.
Upon each anniversary of the In-Service Date, Sunrun will issue you a refund if Actual Output is less than Guaranteed Output to Date. Please see Section 8 for additional information, including certain limitations. Performance Guarantee Purchase Option End of Year Guaranteed kWh Output to Date Refund / kWh If Guaranteed Output Not Met Minimum Cash Purchase Price
End of Year Guaranteed kWh Output to Date Refund / kWh If Guaranteed Output Not Met Minimum Cash Purchase Price
1 5,595 $0.130 $7,265
2 11,148 $0.130 $5,449
3 16,674 $0.130 $3,633
4 22,172 $0.130 $1,816
5 27,642 $0.130 $0
6 33,084 $0.130 $0
7 38,498 $0.130 $0
8 43,884
9 49,242 " "
10 54,572
11 59,874
12 65,148
13 70,394
14 75,612
15 80,802 " "
16 85,964
17 91,098
18 96,205
19 101,283
20 106,333 " "
After the Initial Term, for any Renewal Terms, Sunrun shall on each anniversary of the In-Service Date establish a new monthly lease payment based on the fair market value of the system at that time. In no event shall the monthly lease payment be less than $0.00.
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