SunPower Solar Lease FAQs:

What is the term?

20 years

 

What is the annual escalator?

0% to 4.5%-- we would be happy to prepare a range of options for your consideration

 

What happens at the end of the lease?

  • You can renew the lease
  • You can purchase the system (at fair market value)
  • You can have SunPower remove the system

 

What happens if I sell my house?

  • You can transfer the lease to the new buyer
  • You can buy-out the lease (you will then own it outright)
  • You can take it with you to your new home

 

Is there sales tax?

It is included in the quote.

 

Who insures the system?

SunPower

 

Can you explain the performance guarantee?

SunPower guarantees the stated production +/-5% (weather variations). If it under-produces, you will be paid for the difference. If it over-produces, this is yours to keep, but will be off-set against future under-production.