Summary of Specific Terms
I have a choice in how I pay for my subscription:
I have a choice in how I would like to be billed for my community solar subscription costs, which I can change at any time:
✓ Consolidated Billing (one bill): With Consolidated Billing, both my community solar credits and charges will appear on my existing Xcel Energy bill.
✓ SunShare Billing (two bills): If I decline consolidated billing, I will receive two bills each month; one from Xcel Energy that shows my community solar credits, and a second invoice from SunShare for my community solar charges.
The length of my Agreement is 25 years:
The Term of my Agreement begins the day I start earning Bill Credits on my Xcel Energy® bill and will end 25 years after the garden’s Commercial Operation Date. I’ll receive Bill Credits from Xcel Energy on my utility bill for this duration of time, as long as I remain a valid SunShare subscriber.
My Bill Credit Rate might change:
The Bill Credit Rate is the rate I will receive on my Xcel Energy utility bill for each kilowatt hour of electricity the community solar garden generates on my behalf. Typically, the bill credit rate changes every year.
My SunShare rate will always be 5% less than the Bill Credit Rate:
This is the rate I will pay to SunShare for each kilowatt hour of electricity the community solar garden generates on my behalf. It will be 5% lower than the Bill Credit Rate I receive on my Xcel Energy utility bill. Typically, the Bill Credit rate changes every year, and my community solar rate will be adjusted accordingly. Regardless of the Bill Credit rate, my SunShare bill will be 5% less than the Bill Credits I receive for the given production month!
I have cancellation options:
I can cancel any time if I move out of Xcel Energy service territory or no longer receive a utility bill. Otherwise, I can terminate my SunShare agreement with 90 days’ written notice. SunShare will never charge me a termination fee.
This organization is operating under the Low and Moderate-Income Accessible Community Solar Garden Program, a state-enabled initiative overseen by the Minnesota Department of Commerce. The Program provides resources to and oversight of Subscriber Organizations but does not promote any individual community solar garden or Subscriber Organization. For more information about the LMI-Accessible CSG Program, contact the Minnesota Department of Commerce at 651-539-1886 or CommunitySolar@state.mn.us, or visit https://mn.gov/commerce/energy/consumer/energy-programs/community-solar-gardens.jsp. Income-eligible customers may qualify for additional savings.
Summary of Specific Terms
I will receive two bills:
I’ll receive two (2) bills every month ─ one from SunShare and one from PNM. My SunShare bill will always be 10% less than the Net Solar Bill Credits applied to my PNM bill!
The length of my Agreement is 25 years
The Term of my Agreement begins the day I start earning Solar Bill Credits on my PNM bill and will continue for the duration of the agreement between SunShare and PNM for the community solar garden. I’ll receive Solar Bill Credits from PNM on my utility bill for this duration of time, as long as I remain a valid SunShare subscriber.
My Net Solar Bill Credit Rate might change:
The Net Solar Bill Credit Rate is the rate I will receive on my PNM utility bill for each kilowatt hour of electricity the community solar garden generates on my behalf, minus the Administrative Cost Rider (ACR) assessed by PNM. Typically, the Solar Bill Credit rate and Administrative Cost Rider change periodically along with retail energy rates.
My SunShare rate will always be 10% less than the Net Solar Bill Credit Rate:
This is the rate I will pay to SunShare for each kilowatt hour of electricity the community solar garden generates on my behalf. It will always be 10% lower than the Net Solar Bill Credit Rate I receive on my PNM utility bill. Typically, the Solar Bill Credit and Administrative Cost Rider rates change periodically, and my community solar rate will be adjusted accordingly. Regardless of the Net Solar Bill Credit Rate, my SunShare bill will always be 10% less than the Net Solar Bill Credits I receive for the given production month!
Autopay:
SunShare recommends enrolling in Autopay so I never miss a payment. I will have the opportunity to opt in or out of Autopay at any point during my subscription.
I have cancellation options:
I can cancel my SunShare agreement with 90 days’ written notice. SunShare will never charge me a termination fee.
Other important items:
This is not an investment contract or security. SunShare is not a cooperative, and I am not an owner of SunShare or the community solar garden.
Summary of Specific Terms
Billing
I have a choice in how I pay for my subscription:
I have a choice in how I would like to be billed for my community solar subscription costs, which I can change at any time:
✓ Consolidated Billing (one bill): With Consolidated Billing, both my community solar credits and charges will appear on my existing Xcel Energy bill.
✓ SunShare Billing (two bills): If I decline consolidated billing, I will receive two bills each month; one from Xcel Energy that shows my community solar credits, and a second invoice from SunShare for my community solar charges.
Eligibility
My participation requires that I meet the income eligibility standards required to receive financial assistance from a federal, state, municipal, or utility program administered or approved by Minnesota’s Department of Commerce. A current list of eligible programs can be found here , and may be updated from time to time. I am not required to enroll in Autopay, although I have the option to do so at the time of my enrollment or at any point during the Term of my Agreement. SunShare will not perform a Credit Check.
Agreement Term
The length of my 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 I am guaranteed to receive Bill Credits from Xcel Energy on my utility bill.
Bill Credit Rate
The Bill Credit Rate is the rate I will receive on my Xcel Energy utility bill for each kilowatt hour of electricity the community solar garden generates on my behalf. Typically, the bill credit rate changes every year.
SunShare Community Solar Rate
The SunShare Community Solar Rate is the rate I will pay to SunShare for each kilowatt hour of electricity the community solar garden generates on my behalf. It will be 20% lower than the Bill Credit Rate I receive on my Xcel Energy utility bill for each kilowatt hour of electricity the community solar garden generates on my behalf. Typically, the Bill Credit rate changes every year, and my community solar rate will be adjusted accordingly. Regardless of the Bill Credit rate, my SunShare bill will be 20% less than the Bill Credits I receive for the given production month!
Cancellation Options
I can cancel with 90 days’ prior written notice with no penalty.
Summary of Specific Terms
I will receive two bills:
I’ll receive two (2) bills every month ─ one from SunShare and one from PNM. My SunShare bill will always be 30% less than the Net Solar Bill Credits applied to my PNM bill!
Eligibility:
My participation requires that I am a participant of one or more of the following programs: Medicaid; Supplemental Nutrition Assistance Program (SNAP); Low‐Income Home Energy Assistance Program (LIHEAP); a first-time homeowner program or housing rehabilitation program; state and federal income tax credit programs; or that I live in a low-income/affordable housing facility. I am not required to enroll in Autopay, although I have the option to do so at the time of my enrollment or at any point during the Term of my Agreement. SunShare will not perform a Credit Check.
The length of my Agreement is 25 years
The Term of my Agreement begins the day I start earning Solar Bill Credits on my PNM bill and will continue for the duration of the agreement between SunShare and PNM for the community solar garden. I’ll receive Solar Bill Credits from PNM on my utility bill for this duration of time, as long as I remain a valid SunShare subscriber.
My Net Solar Bill Credit Rate might change:
The Net Solar Bill Credit Rate is the rate I will receive on my PNM utility bill for each kilowatt hour of electricity the community solar garden generates on my behalf, minus the Administrative Cost Rider (ACR) assessed by PNM. Typically, the Solar Bill Credit rate and Administrative Cost Rider change periodically along with retail energy rates.
My SunShare rate will always be 30% less than the Net Solar Bill Credit Rate:
This is the rate I will pay to SunShare for each kilowatt hour of electricity the community solar garden generates on my behalf. It will always be 30% lower than the Net Solar Bill Credit Rate I receive on my PNM utility bill. Typically, the Solar Bill Credit and Administrative Cost Rider rates change periodically, and my community solar rate will be adjusted accordingly. Regardless of the Net Solar Bill Credit Rate, my SunShare bill will always be 30% less than the Net Solar Bill Credits I receive for the given production month!
Autopay:
SunShare recommends enrolling in Autopay so I never miss a payment. I will have the opportunity to opt in or out of Autopay at any point during my subscription.
I have cancellation options:
I can cancel my SunShare agreement with 90 days’ written notice. SunShare will never charge me a termination fee.
Other important items:
This is not an investment contract or security. SunShare is not a cooperative, and I am not an owner of SunShare or the community solar garden.
Agree(Required) I have read and understand the above as it relates to my participation in the Community Solar Garden.