In the latest effort to cut solar system costs, an industry working group has developed a standard solar contract that can be used across the industry.
The Solar Access to Public Capital (SAPC) working group has developed a customizable contract template that can be used for residential lease contracts and for commercial power purchase agreements.
“These template contracts should allow national and regional solar developers alike to increase business opportunities and enable the creation of tradable investment vehicles desired by pension funds and other institutional investors critical to scale the industry,” says Paul Schwabe, an energy analyst with National Renewable Energy Lab (NREL).
Standardization of these asset origination documents can enable more efficient pooling of the cash flows, as well as more effective evaluation from credit rating agencies and investors, says NREL.
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