Power Production Guarantee Sample Clauses

Power Production Guarantee. SolarCity guarantees that during the Lease Term the System will generate kilowatt-hours (kWh) as set forth in the table below and calculated as follows. To calculate the guaranteed amount of kWh for an applicable two-year period (“Guaranteed kWh”) we will take the applicable year’s Total kWh in the chart below minus the Total kWh from two years prior, also as indicated in the chart below: Year Total kWh Guaranteed Price/kWh 2 16,332 0.16754 4 32,502 0.17918 6 48,510 0.19164 8 64,358 0.20496 10 80,048 0.21921 12 95,582 0.23444 14 110,961 0.25074 16 126,186 0.26817 18 141,259 0.28681 20 156,183 0.30674 DocuSign Envelope ID: 4DA869EF-3722-4896-B799-CB24B7538008
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Power Production Guarantee. (Synergy Customers Only) Synergy guarantees 90% of estimated production year one and performance degradation is based on the solar panel manufacturer’s guarantee. Synergy guarantees performance based on a 5 – year aggregated average timeline review of production. Solar Investment Tax Credit Overview The Investment Tax Credit (ITC) is an incentive from the federal government. It was put in place to encourage uptake of solar energy and other renewable energy systems in 2006. It has been tremendously successful in this goal: the number of solar installations in the US has increased 1,600% since the ITC was introduced. Many Synergy Home Improvement customers quickly understand the potential benefits of the ITC, but have questions when it comes to the particulars of how it operates. Frequently, we field questions from customers regarding whether or not they can claim the ITC at all, and when and how it can be applied to their tax bills. This handout discusses the ITC in general and addresses some concerns that you may have about how and when the credit can be applied. Please note: Synergy Home Improvement’s goal in providing this handout is to provide general information about the ITC. However, the US tax code is complicated, and what we have written should not take the place of advice from a qualified tax professional. Consult your tax advisor before deciding what is best for you, including whether or not the ITC could result in a lowered tax liability for you specifically. No one at Synergy Home Improvement, including your sales representative, is qualified to address your particular tax situation and/or to offer you any tax advice. About the Investment Tax Credit for solar: How it works The key thing to remember about the ITC is this: In order to benefit from it, you must first have sufficient tax liability. That is, you must owe at least as much money in taxes as the amount of your credit. Under the ITC, you will be eligible to receive a 30% credit if you have a solar electricity system in service (i.e. fully installed and connected to the grid) before December 31st 2019. After that point – unless Congress intervenes by extending the duration or otherwise changing the requirements – the available ITC will be reduced annually until it hits 0% for residential solar systems by the end of 2021. Currently, the ITC allows you to subtract up to 30% of what you paid for your qualifying solar system from your federal tax xxxx, thus effectively reducing the overall a...
Sample 1
Power Production Guarantee. Sunnova guarantees that during the Lease Term the System will generate the guaranteed annual kilowatt-hours (kWh) (“Guaranteed Annual kWh”) in the table set forth below as follows: 00 Xxxx Xxxxxxxx Xxxxx Xxx 0000, Xxxxxxx, XX 00000 T 281.985.9900 xxx.xxxxxxx.xxx Year Guaranteed Annual kWh 1 7,280 2 7,243 3 7,206 4 7,169 5 7,133 6 7,097 7 7,061 8 7,025 9 6,989 10 6,954 11 6,919 12 6,884 13 6,849 14 6,814 15 6,779 16 6,745 17 6,711 18 6,677 19 6,643 20 6,609 21 6,575 22 6,542 23 6,509 24 6,476 25 6,443
Sample 1
Power Production Guarantee. Sunnova guarantees that during the Lease Term the System will generate the guaranteed annual kilowatt-hours (kWh) (“Guaranteed Annual kWh”) in the table set forth below as follows: 00 Xxxx Xxxxxxxx Xxxxx Xxx 0000, Xxxxxxx, XX 00000 T 281.985.9900 xxx.xxxxxxx.xxx Year Guaranteed Annual kWh 1 14,148 2 14,077 3 14,006 4 13,935 5 13,865 6 13,795 7 13,726 8 13,657 9 13,588 10 13,520 11 13,452 12 13,384 13 13,317 14 13,250 15 13,183 16 13,117 17 13,051 18 12,985 19 12,920 20 12,855 21 12,790 22 12,726 23 12,662 24 12,598 25 12,535 A. If at the end of the first thirty-six (36) month anniversary of your first monthly payment and each successive twelve (12) month anniversary thereafter the cumulative Actual Annual kWh (defined below) generated by the System is less than the Guaranteed Annual kWh, then we will send you a refund check equal to the difference between the cumulative Actual Annual kWh and the Guaranteed Annual kWh multiplied by the Guaranteed Energy Price per kWh (defined below). We will make that payment within thirty (30) days of the end of the calendar year. Your cumulative Actual Annual kWh is dependent on a shading percentage of 5.00% on your Home. If this shading percentage increases, your Guaranteed Actual kWh will be reduced proportionately. The Guaranteed Annual kWh has been reduced to 95% of the forecasted system output due to the variability in local weather conditions and the impact those conditions have on actual system production. For example, for a first twelve (12) month period that commences on October 1, 2010 and ends on September 30, 2011, and the energy the System was supposed to generate is less than the energy the system was guaranteed to generate during such twelve (12) month period, we will pay you the difference in the Actual Annual kWh and the Guaranteed Annual kWh multiplied by the Guaranteed Energy price per kWh within thirty (30) days after December 31, 2011. See the table below for a real world example. 00 Xxxx Xxxxxxxx Xxxxx Xxx 0000, Xxxxxxx, XX 00000 T 281.985.9900 xxx.xxxxxxx.xxx Example Guaranteed Annual kWh Example Actual Annual kWh Example Guaranteed $/kWh Energy Price Example Payment to You 10,000 9,500 $0.10 $50.00
Sample 1

Related to Power Production Guarantee

  • Guaranteed Energy Production (A) Throughout the Delivery Term, Seller shall be required to provide to Buyer an amount of Delivered Energy plus Deemed Delivered Energy, if any, no less than the Guaranteed Energy Production over two (2) consecutive Contract Years during the Delivery Term (“Performance Measurement Period”). “

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

  • The Guarantee Each Guarantor hereby jointly and severally with the other Guarantors guarantees, as a primary obligor and not merely as a surety to each Secured Party and their respective permitted successors and assigns, the prompt payment in full when due (whether at stated maturity, by required prepayment, declaration, demand, by acceleration or otherwise) of the principal of and interest (including any interest, fees, costs or charges that would accrue but for the provisions of (i) the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code and (ii) any other Debtor Relief Laws) on the Loans made by the Lenders to, and the Notes held by each Lender of, the Borrower, and all other Secured Obligations from time to time owing to the Secured Parties by any Loan Party or any Subsidiary under any Loan Document or any Secured Hedge Agreement or any Treasury Services Agreement, in each case strictly in accordance with the terms thereof (such obligations, including any future increases in the amount thereof, being herein collectively called the “Guaranteed Obligations”); provided, however, that Guaranteed Obligations shall exclude all Excluded Swap Obligations. The Guarantors hereby jointly and severally agree that if the Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same in cash, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

  • Guaranty Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Secured Obligations (for each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor and (b) the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be an allowed or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

  • Warranty/Guarantee 14.1.1 Developer shall obtain and preserve for the benefit of the District, manufacturer’s warranties on materials, fixtures, and equipment incorporated into the Work.

  • QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.

  • Service Guarantee 8.1. All pesticides used by Prokill are approved under the Control of Pesticides Regulations and have been assessed for any hazard under C.O.S.H.H. (Information on request). You are covered by our Unique Service Promise, which means if we do not deliver the minimum contracted annual visits, we {Ref: YCM/00251276-3} will refund 100% of that years’ Service Agreement subject to payment terms being met.

  • Performance Guarantee 9.4.1 The Concessionaire shall, for the performance of its obligations hereunder during the Concession Period, provide to the Authority no later than [90] days prior to expiry of the Performance Security, an irrevocable and unconditional guarantee from a Bank for a sum equivalent to Rs. ***** crore (Rupees ***** crore)7 in the form set forth in Schedule-FF (the “Performance Guarantee”). Until such time the Performance Guarantee is provided by the Concessionaire pursuant hereto and the same comes into effect, notwithstanding anything contained in clause 9.3 the Performance Security shall remain in force and effect, and upon such provision of the Performance Guarantee pursuant hereto, the Authority shall release the Performance Security to the Concessionaire.

  • Consumer Guarantees (a) Under the Australian Consumer Law, consumers (as defined in the ACL) have the benefit of certain Consumer Guarantees:

  • PRICE GUARANTEE The prices established herein shall prevail for the term of this Agreement, except in the event of a general market decline in prices of such commodities at any time during the period of this Contract, the Contractor agrees that the State of Mississippi shall receive full benefit of such decline. The State Bureau of Financial Control shall not approve any account nor order and direct payment of any account for the purchase of any commodity covered by this Contract when the purchase price is in excess of the maximum price fixed in this Agreement.

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