| Subscriber Type |
✓ Residential Subscriber under 150% area median income
☐ Residential Subscriber
☐ Master-Metered Affordable Housing Subscriber
☐ Public Interest Subscriber: Small General Commercial
☐ Public Interest Subscriber: General Service Commercial
☐ Commercial Subscriber
☐ Backup Subscriber
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Terms of Service, Section 3 |
| Subscription Size (kW AC): |
✓ This subscription represents approximately % of your annual historic electricity usage over the last 24 months. State statute limits your subscription to 120% of your energy usage. |
Solar Services Agreement, Section 3 |
| Subscription Model |
✓ Guaranteed Discount off of Bill Credit Rate: 20% |
Solar Services Agreement, Pages 1 & 2 |
| Prices and Fees |
✓ Guaranteed Discount off of Bill Credit Rate: 20%
Expected Year 1 Bill Credit Rate: $0.14891 per kWh
Expected Year 1 Community Solar Rate: $0.11913 per kWh
Bill Credit Rate: The Bill Credit Rate is the rate you will receive on your Xcel Energy utility bill for each kilowatt hour of electricity the community solar garden generates on your behalf. Typically, the bill credit rate changes every year.
SunShare Community Solar Rate: This is the rate you will pay to SunShare for each kilowatt hour of electricity the community solar garden generates on your behalf. It will be 20% lower than the Bill Credit Rate you receive on your Xcel Energy utility bill for each kilowatt hour of electricity the community solar garden generates on your behalf.
Typically, the Bill Credit rate changes every year, and your community solar rate will be adjusted accordingly. Regardless of the Bill Credit rate, your SunShare bill will be 20% less than the Bill Credits you receive for the given production month!
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Solar Services Agreement, Pages 1 & 2 |
| Payment Details |
You have the option to receive:
✓ An electronic invoice (sent to your email address above)
✓ A paper invoice (sent to your U.S. mail address above)
or to enroll in Autopay, which will be processed via:
✓ Automatic payment (via ACH)
Billing: Once your community solar garden is active, you'll receive two (2) bills every month ─ one from SunShare and one from Xcel Energy. Your SunShare bill will always be 20% less than the Bill Credits applied to your Xcel Energy bill!
Monthly Payments. The payment amount you owe us (“Monthly Subscriber Payment”) is equal to the kWh of Solar Energy produced and delivered from the Solar Garden to Xcel Energy during a production month, multiplied by the price per kWh in effect during the month in which the production occurs. Your Monthly Subscriber Payment Schedule will be calculated based on the applicable Bill Credit rate in effect at the time of each monthly bill.
You will only be charged a Monthly Subscriber Payment for Bill Credits you receive.
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Solar Services Agreement, Pages 1 & 2 |
| Penalties |
You can cancel with 90 days’ prior written notice with no penalty.
Late Payments; Disputed Invoices. If you pay us late (after the Due Date listed on your invoice), we have the right to charge you interest on the unpaid balance at the rate of two percent (2%) per month, or at any lesser maximum rate permitted by law, until you have fully paid your past due balance. If you dispute all or a portion of an invoice from us, or if any other claim or adjustment arises under this Agreement, you agree to pay the undisputed portion when due and provide us with notice of the amount in dispute.
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Solar Services Agreement, Page 2; Section 5 |
| Benefits |
✓ Guaranteed Discount off of Bill Credit Rate: 20%
✓ Estimated first year kWh received: 1551 kWh
✓ Estimated first year credit value ($): $776
✓ Estimated first year savings (in $): $155
|
Solar Services Agreement, Pages 1 & 2 |
| Guarantees or Fixed Savings |
✓ Guaranteed Discount off of Bill Credit Rate: 20% |
Solar Services Agreement, Pages 1 & 2 |
| Contract Term |
✓ The length of your SunShare agreement is simply the length of the agreement between SunShare and Xcel Energy to deliver solar energy onto the power grid. This is also the length of time for which you are guaranteed to receive Bill Credits from Xcel Energy on your utility bill.
✓ This Agreement is effective upon execution.
✓ The term of this Agreement starts on the The first day of the month that you receive Bill Credits, and continues for 300 calendar months after the commercial operation date of the Solar Garden, unless cancelled prior to the contract end date.
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Solar Services Agreement, Section 2 |
| Contract Renewal |
✓ This contract does not have an option for renewal. |
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| Early Termination or Cancellation - Residential |
✓ There are no exit fees. |
Solar Services Agreement, Section 6 |
| Right to Cancel Without Penalty |
In addition to any rights you have under State or local law, you have the right to terminate this contract without penalty within three business days of signing the contract, by contacting SunShare at 800.793.0786 or customercare@mysunshare.com. |
Solar Services Agreement, Section 7 |
| Transferring or moving a subscription |
You may transfer your subscription to your own or another person’s new Location, within Xcel Energy's Minnesota territory, provided the proposed Location meets our eligibility requirements and such other person consents to this transfer, as determined at our sole discretion. |
Solar Services Agreement, Section 6 |
| Data Sharing and Privacy Policy |
Information Disclosures. You agree that we are authorized to provide specific and limited information related to your subscription or your participation in the Solar Garden(s) that may be required by Xcel Energy, the PUC, the Minnesota Department of Commerce, or the Minnesota Office of Attorney General. You agree to complete and execute any forms necessary to effect said authorization. |
Terms of Service, Section 7 |
| Other Important Terms |
THIS IS NOT AN INVESTMENT CONTRACT OR SECURITY. WE ARE NOT A COOPERATIVE. YOU ARE NOT AN OWNER OF US OR THE SOLAR GARDEN.
NOTE THAT YOU MAY CANCEL WITHIN THREE BUSINESS DAYS OF SIGNING THIS AGREEMENT.
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Solar Services Agreement, Page 2 |
