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Solar 20/20 Plan Pricing
All prices are subject to change without notice. While SunStreet uses reasonable efforts to include accurate and up to date information in this website, SunStreet makes no warranties or representations as to its accuracy.
Rate for Solar 20/20 Plan
Under the terms of SunStreet's Solar 20/20 Plan, the rate you will be charged
by SunStreet each month for the solar energy produced by the solar system, will
be twenty percent (20%) less than the Reference Rate (defined below),
which is based on the rates charged by the applicable local electric utility that
will provide a SunStreet customer ("Homeowner") with retail electric
SunStreet Rate = Reference Rate - (Reference Rate x 20%)
The "Reference Rate" is an estimated blended rate per kilowatt hour (kWh) for each month that would have otherwise been charged by the Local Electric Utility had there been no solar system installed on Homeowner's home, but using an estimate of such Homeowner's electricity consumption during such month to calculate such rate. The Reference Rate is based on: (i) the Local Electric Utility's filed tiered rate structure, taking into consideration any seasonal adjustments (but not any "time of use" tariffs or any other similar type of customer election) (the "Utility Rate"), (ii) the Local Electric Utility's "Non-Bypassable Charges," which are all other charges imposed by the Local Electric Utility, whether on a per kWh basis or as a fixed dollar amount (including, without limitation: distribution, transmission, nuclear decommissioning, and energy cost recovery amounts), (iii) the tax rates charged by the Local Electric Utility, and (iv) the consumption of energy by a home with the same floor plan in the community as Homeowner's home during the applicable month, as determined by the Consumption Analysis (defined below) (so as to determine the amount of energy in each energy "tier" of the Local Electric Utility). NOTE: BECAUSE THE ENERGY PRICE IS BASED ON A DISCOUNT OFF OF THE REFERENCE PRICE, THE SUNSTREET RATE WILL CHANGE IF THE REFERENCE RATE CHANGES.
Given that, at the inception of your Solar 20/20 Plan Agreement, SunStreet has no actual consumption history for Homeowner's home from which to calculate the actual amount of energy in each "tier" for any given month, SunStreet has engaged an independent third party to perform a "Consumption Analysis" for a home of the same size and with the same floor plan in the community as such home, to determine your estimated electricity consumption for each calendar month (the "Estimated Energy Consumption").
The Reference Rate is calculated by utilizing the appropriate Utility Rate for each of the Local Electric Utility's tiers, based on the Estimated Energy Consumption, adding the per kWh rate of Non-Bypassable Charges (based on the Estimated Energy Consumption, if necessary), and adding any taxes charged by the Local Electric Utility. NOTE: BECAUSE THE REFERENCE RATE IS A BLENDED RATE BASED ON THE UTILITY RATE AND ITS NON-BYPASSABLE CHARGES, THE REFERENCE RATE MAY CHANGE IF EITHER THE UTILITY RATE OR ITS NON-BYPASSABLE CHARGES CHANGE. SunStreet shall update the Reference Rate annually based on a Homeowner's actual energy consumption during the prior twelve (12) months, provided Homeowner submits, within thirty (30) days from each anniversary date of the later of: (i) the date on which the solar system was activated, or (ii) the Close of Escrow on the home, copies of the unaltered invoices received from the Local Electric Utility during such twelve (12) month period, and provided Homeowner otherwise complies with the procedures set forth in the "Solar 20/20 Plan Discount Guarantee" CLICK HERE TO REVIEW OUR SOLAR 20/20 PLAN DISCOUNT GUARANTEE. NOTE: THIS UPDATE COULD RESULT IN A CHANGE, HIGHER OR LOWER, TO THE REFERENCE RATE.
SunStreet has also engaged an independent third party to certify the Utility Rate, the Non-Bypassable Charges and any applicable taxes, which will be updated at least annually or as and when filed and changed by the Local Electric Utility. NOTE: THIS UPDATE COULD RESULT IN A CHANGE, HIGHER OR LOWER, TO THE REFERENCE RATE. The Reference Rate will be updated accordingly upon any such change. In the event the Reference Rate is incorrect due to an error in the rates or amounts certified to SunStreet, SunStreet shall correct the Reference Rate upon notification and confirmation of such error and shall provide a credit to Homeowner against future invoices from SunStreet in the amount of any past overpayments by Homeowner due to such error. SunStreet's liability for such errors shall be limited to the amount of such credit and, provided SunStreet utilized the Utility Rate, Non-Bypassable Charges and tax rates certified as correct by such independent third party in calculating the Reference Rate, SunStreet shall not be deemed to be in default for purposes of Section 7.02 of the Solar 20/20 Plan Agreement.
The Reference Rate is based on the standard Utility Rates and Non-Bypassable Charges charged by the Local Electric Utility and does not take into account any special rates that may be charged to seniors, military personnel or other similar discounted rates.
Solar 20/20 Plan Discount Guarantee
SunStreet's Solar 20/20 Plan Discount Guarantee is provided to you as a customer of SUNSTREET ENERGY GROUP, LLC ("SunStreet") to guarantee the 20% discount from the Reference Rate used to calculate the rate under your Solar 20/20 Plan Agreement and Covenants (the "Agreement"). All undefined capitalized terms used herein shall have the meaning set forth for such terms in the Agreement.
Under the terms of your Agreement, you have agreed to purchase from SunStreet all of the electric energy generated by the solar system installed on the roof of your home (the "System"), regardless of how much of this electric energy you consume and how much is sold by you to your local utility. The rate that SunStreet will charge you each month for the actual electric energy generated by the System will be a rate equal to twenty percent (20%) less than the Reference Rate (defined below) for such month. BECAUSE THE ENERGY PRICE IS BASED ON A DISCOUNT OFF OF THE REFERENCE RATE, THE ENERGY PRICE WILL CHANGE IF THE REFERENCE RATE CHANGES. THAT IS, THE ENERGY PRICE WILL INCREASE AS THE REFERENCE PRICE INCREASES AND WILL DECREASE AS THE REFERENCE RATE DECREASES.
The "Reference Rate" is a blended rate per kilowatt hour (kWh) for each month that would have otherwise been charged to you by your local utility using an estimate of your electricity consumption during such month had there been no System installed on your home. The Reference Rate is based on: (i) your local utility's filed tiered rate structure, taking into consideration any seasonal adjustments (but not any "time of use" tariffs or any other similar type of customer election) (the "Utility Rate"), and (ii) its "Non-Bypassable Charges," which are all other charges imposed by your local utility, whether on a per kWh basis or as a fixed dollar amount (including, but not limited to: distribution, transmission, nuclear decommissioning, and energy cost recovery amounts), and (iii) the tax rates charged by your local utility. BECAUSE THE REFERENCE RATE IS A BLENDED RATE BASED ON THE UTILITY RATE AND ITS NON-BYPASSABLE CHARGES, THE REFERENCE RATE WILL CHANGE IF EITHER THE UTILITY RATE OR ITS NON-BYPASSABLE CHARGES CHANGE.
The Reference Rate is calculated by utilizing the appropriate Utility Rate for each of the utility's tiers, based on the estimated energy consumption, adding the per kWh rate of Non-Bypassable Charges (based on the estimated energy consumption, if necessary), and adding any taxes charged by your local utility. SunStreet has engaged an independent third party to perform a "Consumption Analysis" for a home of the same size and with the same floor plan in your community as your home, to determine your estimated electricity consumption for each calendar month.
Each, year, you may request that SunStreet substitute the results of the Consumption Analysis with your actual consumption history by providing, within 30 days of each anniversary date of the later of (i) the date on which your System was activated, or (ii) the date of your Close of Escrow on your home, the unaltered invoices you have received from your local utility for your home during the prior 12 consecutive months. SunStreet will recalculate your Reference Rate (up or down) using your actual consumption within 30 days of SunStreet's receipt of such invoices and adjust your Reference Rate for each month going forward. In addition, in the event you paid a greater amount to SunStreet during the prior 12 month period, SunStreet will provide you with a credit against your future SunStreet invoices in the amount of such overpayment. You may request that we recalculate your Reference Rate no more than once every 12 months during the term of the Agreement. CLICK HERE TO DOWNLOAD OUR "SOLAR 20/20 PLAN GUARANTEE REQUEST FORM" which must be completed and submitted with your utility's invoices.
YOUR REFERENCE RATE MAY INCREASE AS A RESULT OF YOUR REQUEST. Your actual energy consumption level may be greater than the estimated energy consumption level set forth in your Consumption Analysis and consequently, your Reference Rate could increase as a result of your request.
Your lower actual consumption may not affect your Reference Rate. If your local utility's tiered rate structure is such that your actual energy consumption and the estimated energy consumption set forth in your Consumption Analysis fall into the same "tier, " your Reference Rate may not change.
This Guarantee requires that you must be the owner-occupant of the home on which the System was installed and such home must be your primary residence. The Reference Price is based on the standard Utility Rates, Non-Bypassable Charges, and any taxes charged by your local utility and does not take into account any special rates that may be charged to seniors, military personnel or other similar discounted rates.
SUNSTREET'S LIABILITY TO YOU HEREUNDER IS LIMITED TO ANY POTENTIAL CREDIT THAT MAY BE OWED BY SUNSTREET ON FUTURE INVOICES, AS SET FORTH HEREIN ONLY. IN NO EVENT WILL SUNSTREET BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY, EXPECTATION, SPECIAL OR INDIRECT DAMAGES.
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The information, software, products and services published on this website may include inaccurate or typographical errors. Changes are periodically made to the information herein. SunStreet may make improvements or changes in this website at any time. In no event shall SunStreet be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with the use of this website, whether based in contract, tort, strict liability or otherwise, even if SunStreet has been advised of the possibility of damages. Because some states or jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, the above limitation may not apply to you.
Links to Other Sites
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