Solar Power Leasing


LEASE SERVICE CONTRACT

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LEASE SERVICE CONTRACT, BETWEEN CEBU SOLAR INC. AND CUSTOMER
This contract is a binding, unbreakable agreement between Cebu Solar Inc. and _____________
Located at Barangay ______________ , town of____________ on the island of____________ in the country of the Philippines, signed on this day____________________.
The estimated period of lease is _________ years, commencing on the date of turnover of functioning system, which is____________________. This agreement, however, is based on power consumption, not time.
Solar system installed will be Grid-feed ( ) Grid-connected ( ) Stand-alone ( ) Hybrid in-back ( )
Payment Schedule
Initial payment of 6 years ( ) 7 years ( ) 8 years ( ) of average power bill amount as computed on customers utility bills on the date of signing the contract, rounded up to the next equal Kw amount, and is based on that amount, less P2 per kwh, is required at signing.
This is the payment for the initial power block contracted, which should last approximately the period indicated more or less.
This is the sole payment required, except as noted, until the contracted block of energy is consumed. If the estimated quantity of power is not yet consumed at the end of the estimate period, the period is extended until the power is used.
If the block of power is consumed prior to the end of the indicated period, a new block of power must be purchased, as indicated below.
The payment is based on customer usage of power, not time or amount of power produced by system.
A ERC approved digital meter will be installed at the Inverter to record the consumption of power produced by the grid-connected or off-grid solar system.
The kw consumed amount is calculated by the differential reading of the power companies importation meter and the solar systems production meter. Any power imported from the power company is to be paid for by the customer and is not the fault of CSI.
In the case of a grid feed system, the power consumed from the power company is to be paid for by the customer and is not the fault of CSI, furthermore the exported power to the power company is the property of CSI and any and all payments from the power company for said exported power is the property of CSI.

Grid-feed Inverter’s, record the amount of Kw’s produced from the solar system and is the basis for the calculation of consumption of the (Block) of contracted energy.
After the initial period, a per Kwh charge of p_________(identical to the initial estimated amount- p2 less than initial utility billing amount) is the basis of billing, never to increase. After initial block of energy is consumed a yearly payment will be required in advance for the kwh’s expected to be consumed that year, or a quarterly breakdown payment of the annual payment can be made with prior notice from customer and written approval from CSI.
Note: For Grid-feed or Hybrid-in-back an additional engineering fee of p5000 per Kw is required to facilitate ERC and DOE certificate of compliance due at time of start of installation.
Cebu Solar Responsibilities
1. Cebu Solar will provide all equipment, installation, etc. necessary for fully functioning system as described above.
2. Cebu Solar will keep the system maintained in good working order for the duration of the lease period, adjusting, repairing or replacing any malfunctioning components in a timely manner.
LEASE SERVICE CONTRACT, p. 2
3. After a successful contract period of 15 years the equipment is turned over to the homeowner.
4 If the house is sold during the lease period, the lease can be transferred to new owner, with same terms continuing unabated, or customer can choose to have system transferred to new home, assuming feasibility, after notifying CSI and agreeing on transfer cost.
Customer Responsibilities
1. Customer is required to add said solar system to their existing building or property insurance policy, to protect from fire, theft, or man-made or natural disasters. Failure to do so puts the customer at risk (as any damage or loss either man-made or by God) will result in the demand for repair costs or full payment of remainder of retail value of said solar system to Cebu Solar Inc. Retail value for insurances purposes is set at P_________________.
2. Customer agrees to make agreed payments in a timely fashion. After a 10 day grace period, late payments will be charged a 5%, per month, up to 3 months, at which point Cebu Solar has the option to remove equipment or require payment in full.

3. Customer is responsible for informing Cebu Solar of any malfunction of equipment immediately on discovery.
4. This contract allows Cebu Solar Inc. Officers and any employee’s unrestricted access, without prior notice, to service, monitor, or remove said solar system and any components, ie wiring, batteries , structures connected to said solar system in the case of required maintenance or nonpayment of billing amount.
5. Should the need for servicing occur, customer is requested to call or text or email Cebu Solar Inc. contact info available on website www.cebusolar.com. 6. If CSI us unable to do said repair due to hardship or location access in a timely manner (ie) (30 days from notification), customer is allowed to subcontract a certified repair person to do required maintenance or repair providing CSI is provided with a estimate for said costs and approves said repair/replacement cost and malfunctioning equipment is returned to CSI. Failure to do so will result in CSI refusal to cover said repair/replacement costs. 7. This contract is binding between all family members living or otherwise for the full lease period. Upon the demise of contract signing member the surviving family member is required to sign a new copy of lease agreement, failure to do so will result in the removal of said solar system and forfeiture of energy deposit. 8. In the case of a customers request for the removal of said solar system from their property or cessation of contractual obligations by one or both parties, absolutely no refund will be made to the customer for the contracted block of energy, the customer can choose to have the value of the produced amount of energy subtracted from the total cost of the solar system as well as the remaining balance of the deposit, and pay the balance of the stated value without penalty and assume full legal ownership of said solar system without any further obligation to or of CSI.
This Contract shall be notarized by a licensed Notary, and witnessed by the Barangay Captain.
Signed________________ Tommy L. Tirey Cebu Solar Inc.
Barangay Captain_______________ date_________
Customer sig._______________ ID #____________ date___________
Notary Seal _______________
notary sig._________


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