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Comment: Eliminated HTML Entity Codes from Definition

Tooltip
tipThe specific name give to a lookup value
textLookup Value
?: Power Purchase Agreement

Tooltip
tipThe name of the parent lookup field for this lookup value
textFrom Lookup Field
?: CurrentFinancing Lookups

Panel
bgColor#F5ECCE
titleBGColor#F5ECCE
title(i) Definition (May contain conditions that must apply)

Definition: Renewable system belonging to a third-party is installed on a customer’s customer’s property at little or no up-front cost to the property owner. Property owner is in an agreement to buy all the power generated at a fixed rate whether it is actually used or not. This is typically lower than the local utility rate. Structure: Fee model is based on power, not equipment to generate it. Transfer: A PPA may be transferred to a homebuyer with approval from the system owner. If a buyer will not adopt a PPA, then the seller is required to pay the remaining contract amount in full and the system would be removed. If being transferred, see Fannie Mae guidelines for more info: portion of the purchase towards equipment must be included in the buyers DTI calculation. Real or Personal Property: Renewable system is typically considered personal property. All tax credits as well as maintenance responsibilities, etc. belong to the third-party owner. Terms: The customer agrees to purchase all energy produced by the system. At the end of the PPA contract term (usually between 10-25 years), property owners can extend the contract and even buy the solar energy system from the developer based on terms in the contract.Additional info on SEIA.org.  

Tooltip
tipAnother name for this lookup value having the same meaning. Synonyms are for reference only and must not be used in implementations
textSynonym(s)
?
Excerpt

 

Tooltip
tipxxx
textBEDES
?:

Tooltip
tipxxx
textReferences
?: RESI, RLSE, RINC, LAND, MOBI, FARM, COMS, COML, BUSO

Tooltip
tipUsed for both fields and lookups. Click on link for more information. (click ? for possible options)
textLookup Status
?: Active

Tooltip
tipAn integer used as a unique identifier for the lookup fields (which owns this Lookup Value)
textLookup Field ID
?: 326000

Tooltip
tipAn integer used as a unique identifier for a lookup value in the RESO Data Dictionary
textLookupID
?: 326014

 

Tooltip
tipThe date the Lookup Status field was modified
textLookup Status Change Date
?: Jun 21 2016

Tooltip
tipThe date the lookup value was last modified in any way other than a status change
textRevised Date
?: Apr 27 2016

Tooltip
tipxxx
textAdded in Version
?: 1.5.0

Page Revision Date: May 28 2016 12:00 PM  Nov 29 2016

Form: LookupValue