Sol Annuity
A Fixed Payment You Can Count On
Sol Annuity provides a fixed, quarterly payment for each full SREC produced. This option removes SREC price volatility, and provides you with a steady income stream over a 3 or 5 year contract term. Additionally, we have limited availability for a 10-year agreement in Massachusetts.
As spot market prices change (and decrease) over time, Sol Annuity gives you consistent, guaranteed income. You can match this cash flow against a solar financing payment, such as a loan or solar power purchase agreement (PPA).
How it Works
1. Sign Up and Lock in Your Rate: Visit Sol Systems’ website and enter the requested details. When you are done, you will be emailed a copy of our contract. This contract will fix the rate of your upfront payment ($/KW). If you do not have all the details, please work with your installer to collect the necessary information.
2. Sign and Return Contract: You will have 14 days to sign and return a contract to Sol Systems once it has been generated. By signing this agreement, you assign us the rights to sell all of your SRECs for a certain term. Our ($/KW) rate may change for new contracts on the first of each month, so you should submit your signed contract before the month’s end to lock-in your rate.
You may email, fax, or mail a contract to us, whichever is most convenient for you.
Email: info@solsystemscompany.com
Fax: (360) 935-7860
Mail: 1380 Monroe St. NW #180 / Washington DC 20010
3. Install the System: After you have submitted your contract to Sol Systems, you will have 4 weeks to finalize system installation. This time horizon is necessary to assure that SREC prices do not change. If your system is not installed within 4 weeks, your fixed price SREC rate may be subject to any monthly pricing changes.
4. Track System Status: You may log in to your customer account to track the status of your system. You will be able to see whether we have received your signed contract, whether we have completed our internal review, submitted state paperwork, etc. Please keep in mind that it can take 4-6 months to register with all regulatory agencies.
5. Receive your Payment: Once we have processed your contract and registered your system with the appropriate state and regulatory agencies, you’ll receive a lump-sum payment commensurate with your system size.