Solar License Agreement
This Solar License Agreement is designed for a developer or other solar system owner to maintain a solar system on someone else's property. The developer retains all ownership rights in the solar system, including the right to own and sell the applicable SRECs and electricity generated by the system. The Solar License contains standard terms to protect both parties to this type of transaction. Among other terms covered are a description of the permitted use, assignment and financing rights, insurance, repair and maintenance obligations, term, defaults, indemnification and eminent domain. Developers and property owners alike find this type of Solar License to be an effective means to bringing solar projects to fruition.
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