Many individuals opt for one of two methods when acquiring their systems. First, they can explore our diverse range of appealing loan options, each of which avoids placing any liens on the property. Alternatively, they may choose to purchase the system outright, a choice that often results in additional cost savings.

A Power Purchase Agreement (PPA) for solar is a contractual arrangement between a solar developer or provider and a customer, typically a business or residential property owner. In a PPA, the solar provider installs, owns, and maintains a solar power system on the customer's property. In return, the customer agrees to purchase the electricity generated by the solar panels at a predetermined rate over a specified period, often ranging from 10 to 25 years.

The key features of a PPA include:

1. No Upfront Costs: The customer usually doesn't have to pay any upfront costs for the solar installation. The solar provider covers the expenses related to the design, installation, and maintenance of the system.

2. Fixed or Escalating Rates: The PPA outlines the rate at which the customer will purchase the solar-generated electricity. This rate can be either fixed throughout the contract term or escalate at a predetermined rate.

3. Long-Term Agreement: PPAs typically have long-term contracts, providing a stable and predictable source of renewable energy for the customer over an extended period.

4. Performance Guarantees: Solar providers often include performance guarantees in the PPA, ensuring that the system generates a certain amount of electricity. If the system underperforms, the provider may be required to compensate the customer.

5. Environmental Benefits: Customers benefit not only from potential cost savings but also from the environmental advantages of using clean, renewable solar energy.

PPAs are commonly used to make solar energy more accessible to a broader range of customers, especially those who may not have the upfront capital to invest in a solar system. The arrangement allows property owners to enjoy the benefits of solar power without the responsibility of system ownership and maintenance.

The "No Credit Check Lease Program" is a specialized offering within our Green Solar lease program. It establishes an ongoing agreement between a customer and a solar panel provider, specifically designed to cater to homeowners who seek to meet their energy needs but lack the financial means to outright purchase a solar system.

Under this unique option, customers are provided with the opportunity to enter into a lease agreement without undergoing a traditional credit check. This feature is especially beneficial for individuals who may have faced challenges in their credit history or financial situation, enabling them to access solar energy solutions that might have been otherwise unattainable.

The key aspects of this program include:

1. Lease Duration: The lease typically spans a fixed period, often lasting for a specified number of years.

2. Purchase Option: After five years (on month 61), customers have the choice to purchase the solar system outright. This provides flexibility and the potential for eventual ownership.

3. Lease Continuation: Alternatively, customers can opt to continue with the lease arrangement for the remainder of the agreed-upon contract period, maintaining the benefits of utilizing solar energy without the immediate need for system ownership.

4. Financial Accessibility: The program is specifically tailored for those who may have faced credit or financial challenges in the past, ensuring that solar energy remains an accessible option for a broader range of individuals.

5. Empowering Energy Control: By offering this program, we aim to empower everyone to take control of their electrical costs through solar energy, rather than relying solely on traditional power sources.

Our commitment is to explore options that best suit each customer's unique circumstances, making solar energy a viable and inclusive choice for all.