sample lease agreement terms

about greangrid solar

Below is a list of bullet points that summarize GreanGrid Solar’s lease agreement with our customers. Feel free to contact us if you have any questions about the details of the
lease agreement.

  • GreanGrid Solar agrees to lease the specified solar energy system to the Customer at a fixed lease rate over the course of the lease.
  • GreanGrid Solar fully warrants, monitors, and maintains the solar energy system over the course of the lease.
  • The Customer has the right to purchase the solar energy system any time after five years for prices predetermined at the signing of the lease.
  • After the lease term has passed, the Customer has the option to renew the lease, buy the system, or terminate the lease.
  • If the Customer sells their house during the course of the lease, they have the right to assign the lease to the new property owner.
  • The Customer agrees to add the solar energy system to their property owner’s insurance policy. (Almost all customers have reported that this did not change their insurance premium)
  • The Customer is responsible for any damage done to the system as a result of their negligence. (For example: the system is damaged because the Customer broke something while climbing on the roof)
  • If the Customer chooses to terminate the lease agreement during the course of the lease, there is a cancellation fee which is predetermined in the lease agreement.

GreanGrid Solar is committed to making the transition to solar as easy as possible for our customers so please contact us with any questions or comments you may have.