?: Power Purchase Agreement Tooltip tip The specific name give to a lookup value text Lookup Value
?: CurrentFinancing Lookups Tooltip tip The name of the parent lookup field for this lookup value text From Lookup Field
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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 tip Another name for this lookup value having the same meaning. Synonyms are for reference only and must not be used in implementations text Synonym(s)
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?: Tooltip tip xxx text BEDES
?: RESI, RLSE, RINC, LAND, MOBI, FARM, COMS, COML, BUSO Tooltip tip xxx text References
?: Active Tooltip tip Used for both fields and lookups. Click on link for more information. (click ? for possible options) text Lookup Status
?: 326000 Tooltip tip An integer used as a unique identifier for the lookup fields (which owns this Lookup Value) text Lookup Field ID
?: 326014 Tooltip tip An integer used as a unique identifier for a lookup value in the RESO Data Dictionary text LookupID
Page Revision Date: May 28 2016 12:00 PM Nov 29 2016
Form: LookupValue