Energy Price and Other Costs Clause Samples

Energy Price and Other Costs. The monthly Energy Price for the Term of this Agreement shall be calculated (as set forth in Annex I) at a 20% discount from the Reference Price based on the monthly blended retail rate charged by the Local Electric Utility, including other rate-based charges by the Local Electric Utility. NOTE: THE ENERGY PRICE WILL VARY OVER TIME AS THE REFERENCE PRICE VARIES OVER TIME. THE ENERGY PRICE WILL INCREASE AS THE REFERENCE PRICE INCREASES AND WILL DECREASE AS THE REFERENCE PRICE DECREASES. THE REFERENCE PRICE IS BASED ON THE ESTIMATED CONSUMPTION OF THE HOME, WHICH MAY VARY SIGNIFICANTLY FROM YOUR ACTUAL CONSUMPTION. PLEASE SEE SOLAR 20/20 PLAN DISCOUNT GUARANTEE, ATTACHED HERETO AS ANNEX VI. The Energy Price is stated in dollars per kWh. Your Energy Price for the first month of the Term is estimated to be $0.15842/kWh, assuming your Placed in Service Date falls in the month of March. In addition to the Energy Price, Homeowner will be responsible for all taxes levied on the purchase or sale of electricity under this Agreement (including, potentially, state and local sales tax on the equipment, based on the payments made hereunder) which the Company will collect from Homeowner for transmittal to the appropriate taxing authority. Payment: We will invoice you each month for all of the electricity generated by the PV System in the relevant month, including any applicable taxes, on such day as we may select in order to coordinate billing cycles with the Local Electric Utility. The payment due is equal to: (A) the product of (1) the amount of electricity generated by the PV System in the relevant month and (2) the Energy Price for such month, as specified above, plus (B) any taxes or other amounts for which you are responsible under this Agreement. All invoices are due and payable on or before 20 days following the date of the invoice. All payments shall be made either via personal check or Automated Clearing House (ACH) payment system. Any payments not made when due, (including as a result of insufficient funds or any other reason that is not the fault of Company), will be deemed delinquent and will accrue interest at the Interest Rate (as defined below) from and including the due date but excluding the date the delinquent amount is paid in full, or as otherwise permitted by law. We may provide you with an estimated invoice, in which case we will make any necessary adjustments in a subsequent invoice. Operation and Maintenance We are responsible for: (i) metering o...