Solar Energy Procurement Agreement (SEPA)
An energy contract establishes the relationship for this new market. They are often called Power Purchase Agreements - and in Georgia a Solar Energy Procurement Agreement. With this contract, Cherry Street Energy installs solar panels on-site and customers buy the energy produced from the panels at rates lower than the utilities.
Terms
Initial Term:

Twenty Years.

Payment Terms:

Monthly, based on consumption.

Annual Increases:

Monthly contracts may provide for annual increases.

System Ownership:

Cherry Street Capital and its subsidiaries own the system.

Services Provided:
  • Professional-grade monitoring with web access at no cost to the customer.
  • Cherry Street Energy is responsible for all insurance, operations, and maintenance costs. Including inverter replacement.
Customer Obligations:
  • Provide access to property for design, installation, operations, maintenance, and inspection of the system.
  • Maintain insurance for damage to the building.
  • Maintain a consistent level of shading throughout the initial term.