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sunrun brightbox agreement - 85-104 alawa pl, waianae, hi 96792.pdf

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DocuSign Envelope ID: 17A2985C-D134-4283-BF5F-B3B03D11C91A Sunrun BrightBox™ Agreement 85-104 Alawa Pl, Waianae, HI, 96792 Take Control of Your Electric Bill $0 25 Years $107 1 Deposit due Today Agreement Term Length Monthly Bill for Year One (plus taxes, if applicable; includes $7.50 discount for Auto-Pay enrollment) Number of batteries WE’VE GOT YOU COVERED WITH OUR WORRY-FREE SERVICE Sunrun will replace the battery free of charge during the agreement term. We monitor the system to ensure it runs properly. We warrant, insure, maintain and repair the system. We also provide a 10year roof warranty. Selling your home? We guarantee the buyer will qualify to assume your agreement. A SOLAR SYSTEM DESIGN FOR YOUR HOME You get a 3.48 kW DC Solar System With 12 Solar Panels and 1 Inverter(s) and 1 Battery Which will produce up to 5,253 kWh* in its first year And offset up to127%* of your current, estimated electricity usage YOUR SALES REPRESENTATIVE: Parker Johnson parker.johnson@sunrun.com (808) 221-8350 *See Section D(1) of the Agreement for details on how individual usage behavior may affect these figures DocuSign Envelope ID: 17A2985C-D134-4283-BF5F-B3B03D11C91A Sunrun Installation Services Inc. Sunrun BrightBox™ Agreement This Lease Agreement (the "Agreement") is entered into by and between (“Customer” or “homeowner” or “you”) and Sunrun Installation Services Inc., a Delaware corporation, together with its successors and Assignees (“Sunrun” or “we” together with Customer, the “Parties”, each a “Party”), as of the Effective Date for the lease of a solar photovoltaic system to generate electric energy with one or more batteries (the “Solar System”) to be installed on or at your home located at 85-104 Alawa Pl Waianae, HI 96792 (the “Home”). Sunrun is pleased to provide you with a Solar System lease for a twenty-five (25) year term. You are entitled to a completely filled out copy of this Agreement signed by both you and Sunrun before any    (the “Effective Date”). The Effective Date listed in Work begins. This Agreement is effective as of\od\______ the preceding sentence is the date on which the last Party signed this Agreement. Please read the entire Agreement and ask any questions you may have. Table of Contents A. B. C. D. E. F. G. H. Documents to be Incorporated into the Agreement.…………………………………... lists Exhibits (including certain notices) incorporated into your Agreement. Payment Terms, Rebates, & Credits...……………………………………………………. includes your payment terms, your payment schedule, any rebates and credits that you or Sunrun may receive, and our late payment policy. Our Warranties…...…………………………………………………………………………….. explains our equipment, workmanship, roof penetration, and damages warranties. Production Estimate ……………………………………………………………………... includes estimated production of the Solar System. Design and Installation..………………………………………………………………………. includes a description of the design & installation process & the timeline for installation. Change Orders..……………………………………………………………………………….. explains the process for modifying the Solar System design. Additional Information..……………………………………………….………………………. includes important information about the term of your Agreement, actions not included in design and installation, dispute resolution, and Sunrun’s insurance coverage. Notices of Right to Cancel..………………………………………………………..…………. explains the Parties’ rights to cancel the Agreement. Page 2 Page 2 Page 4 Page 5 Page 7 Page 9 Page 9 Page 18 A. Documents to be Incorporated Into the Agreement Exhibit A: Monthly Lease Payment Schedule and Prepayment Pricing Exhibit B: Legal Notices Exhibit C: Notice of Cancellation Exhibit D: Payment Forms Exhibit E: Data Usage and Disclosure Exhibit F: Federal Consumer Leasing Act Disclosure B. Payment Terms, Rebates, and Credits 1. Payment Terms Deposit (due at signing) $0 (the “Deposit”) Sunrun Installation Services Inc. | 225 Bush Street, Suite 1400, San Francisco, CA 94104 | 888.GO.SOLAR | CT-28011 Contract Version: 1.0 Generation Date: 10/28/2019 Proposal ID: PK344FVF3NR3-D Version 2019Q4V11 DocuSign Envelope ID: 17A2985C-D134-4283-BF5F-B3B03D11C91A Initial Payment (due at Installation Start Date) Monthly Lease Payments in Year One $0 (the “Initial Payment”) $107.00 per month (plus taxes, if applicable); reflects $7.50 discount for electing Auto-Pay) (the “Monthly Lease Payments”) 0.0% Annual Percentage Increase (the “Annual Increase”) Cost per estimated available* kWh, $0.244 *, excluding Upfront Payment (if any) Year One *See Section D(1) of the Agreement for details on how individual usage behavior may affect these figures 2. Upfront Payment The sum of the Deposit and Initial Payment is called the “Upfront Payment.” The Initial Payment and Monthly LeasePayment amounts may change if the final Solar System design differs from the preliminary Solar System design (as further discussed in Section E and F below). a. You agree to pay Sunrun the Deposit, Initial Payment and Monthly Lease Payments in the amounts and on the dates set forth above and in Exhibit A. b. The Deposit and Initial Payment are payable to Sunrun Inc. by credit card, money order or a check drawn on a United States bank account. 3. Monthly Invoicing and Billing Cycle a. Billing Cycle and Due Dates. Your billing cycles run on a monthly basis. Your first billing cycle will begin on the date the Solar System is placed in service by your Utility (the “In-Service Date”). Subsequent billing cycles will begin on the same date each month (the “Billing Cycle Day”). Each month, Sunrun will prepare a written or electronic invoice specifying the payment due from you to Sunrun for the preceding billing cycle. You will receive this invoice within ten (10) days following the conclusion of the preceding billing cycle and your payment for the preceding billing cycle will be due the day before the next Billing Cycle Day. For example, if the Solar System is placed into service on May 12th, you will receive your first bill between June 12th and June 22nd. Your payment will be due by July 11th. __ __ Sunrun reserves the right to update its billing systems from time to time and will notify you if your payment due date changes accordingly. You may also elect to make payments to Sunrun before the Monthly Lease Payment due date. b. Payment Options. Monthly Lease Payments are payable to Sunrun Inc. (i) by automatic withdrawal from your checking or savings account or (ii) by check drawn on a United States bank account or (iii) by money order. c. A Returned Check Fee of Twenty-Five Dollars ($25.00) (or such lower amount as required by law) will be assessed to you for any check or withdrawal right that is returned or refused by your bank. 4. Auto-Pay Discount a. Monthly Lease Payments shown in Section B(1) and Exhibit A assume payment by Automated Clearing House (ACH) withdrawal from your checking or savings account (“Auto-Pay”) and include a $7.50 AutoPay discount. b. If you do not elect Auto-Pay, you will not receive an Auto-Pay Discount and, as a result, your Monthly Lease Payments will be $7.50 higher per month than those reflected in Section B(1) and Exhibit A. 5. Payment of Taxes Sunrun Installation Services Inc. | 225 Bush Street, Suite 1400, San Francisco, CA 94104 | 888.GO.SOLAR | CT-28011 Contract Version: 1.0 Generation Date: 10/28/2019 Proposal ID: PK344FVF3NR3-D Version 2019Q4V12 DocuSign Envelope ID: 17A2985C-D134-4283-BF5F-B3B03D11C91A a. The payments specified in Section B(1) above do not include taxes. If any taxes (including, but not limited to, sales and transaction taxes and including any associated interest and penalties) are assessed on these payments, the lease of solar photovoltaic equipment, the sale of electric energy, the Home, or the transaction itself, and are paid by Sunrun rather than you, you agree to pay or reimburse Sunrun for all such taxes, except to the extent that you are prohibited from doing so by applicable laws. b. In addition, you agree to reimburse Sunrun for any taxes, including any associated interests and penalties, assessed on the Solar System that Sunrun may incur. c. To the extent that Sunrun seeks reimbursement from you, you agree that Sunrun may seek a full reimbursement from you for the total amount incurred by Sunrun, impose a surcharge on your monthly invoice to recover the total amount incurred by Sunrun over a period to be determined by Sunrun, or, at its sole discretion, set up a separate payment plan with you to recover the total amount incurred by Sunrun. 6. Changes to Payment Amounts a. If a change pursuant to Section F increases the Upfront Payment after you have already paid it to Sunrun, you agree to immediately pay Sunrun the increase in the Upfront Payment. Sunrun may suspend installation until this payment is received. b. You may request a pricing plan change; however, such request must be submitted to Sunrun’s Customer Care Department 225 Bush Street, Suite 1400, San Francisco, CA 94104, customercare@sunrun.com, 855-478-6786, before the earlier of (i) the date falling twenty-one (21) days after the date you signed the Agreement and (ii) the commencement of installation of the Solar System. 7. Prepayment of Monthly Lease Payments a. At any time, you may prepay all of the expected Monthly Lease Payments you will owe Sunrun during the remaining portion of the Initial Term (“Prepayment”). Sunrun’s obligations under this Agreement will not change if you make such a prepayment. b. The Prepayment shall equal the remaining Monthly Lease Payments for the current and remaining years of the Initial Term discounted by the lesser of (x) the prime rate plus 100 basis points (as published by the Wall Street Journal) and (y) 5.0% (the “Prepayment”). For example, if you decide to pre-pay the rest of your monthly payments in year 10, and the applicable discount rate at the date of prepayment is 4.25%, you would pay Sunrun $14,689. __ __ 8. Late Payment. If Sunrun does not receive your payment by the due date listed on the invoice, Sunrun may charge you an administrative late fee equal to the lesser of (i) one and a half (1.5%) percent per month on the portion of your balance that is more than thirty (30) days past due, and (ii) the maximum amount permitted under and subject to applicable law. This late fee is not an interest charge, finance charge, time price differential or other such charge or payment of a similar nature. 9. Net Metering Service. a. As of the In-Service Date, you must take service from the Customer Self-Supply Service ("Self-Supply Service") or the Customer Grid-Supply Service ("Grid-Supply Service") provided by your Utility. You agree to use the Self-Supply Service or Grid-Supply Service currently in effect for this Utility. In the event that the Self-Supply Service or Grid-Supply Service is no longer in effect, or otherwise at Sunrun’s request, you agree to use a substitute metering program as chosen by Sunrun. b. You agree to execute all documentation associated with Self-Supply Service or Grid-Supply Service, or any substitute metering service, and any refund, credit, or rebate program promptly at the request of Sunrun, its affiliates, and/or the Utility. If you do not return such documentation within seven (7) days following any such request, Sunrun may invoice you for an amount equal to the amount of rebates it otherwise would have received had you returned such documentation. Sunrun Installation Services Inc. | 225 Bush Street, Suite 1400, San Francisco, CA 94104 | 888.GO.SOLAR | CT-28011 Contract Version: 1.0 Generation Date: 10/28/2019 Proposal ID: PK344FVF3NR3-D Version 2019Q4V13 DocuSign Envelope ID: 17A2985C-D134-4283-BF5F-B3B03D11C91A 10. Supplemental Energy; Rebates & Credits a. All electric energy produced by the Solar System will be available to you for use at the Home pursuant to this Agreement. If, at any time, you need more electric energy than is being produced by the Solar System ("S