Rooftop rental contract for photovoltaic panels

Does LADWP pay for a solar roof?

LADWP will receive all of the energy generated by the system and the home consumption will not be affected. The customer will receive a check or bill credit as payment for the use of the rooftop, regardless of the amount of solar energy produced from the system. For additional information, please read the Solar Rooftops Guidelines:

What is a solar rooftop installation?

Solar Rooftops installations provide energy directly to the grid to help LADWP meet the clean energy goals of Los Angeles and California. LADWP performs a home evaluation, issues permits, develops designs, and installs the SRP system at zero cost to customers.

What is the difference between a solar lease and a PPA?

These two financing options are very similar. The critical difference is that with a solar lease, you'll have a fixed monthly payment, whereas with a solar PPA, you'll purchase the power generated by your system at a fixed price per kilowatt-hour (kWh). What does that mean for you?

Should you lease solar panels if you're moving to a new home?

Customers who choose to lease solar panels may find themselves in circumstances where they want to end their lease, such as if they are moving to a new home or they find that the lease payments plus electricity from the grid — if their system wasn’t sized properly — end up costing them more.

Should you take out a loan to install solar panels?

But now the cost of a solar power system is low enough that homeowners can easily take out a loan to pay for the installation. Solar loans, like home equity loans, allow you to install solar panels without requiring tens of thousands of dollars all at once. Instead, you make monthly loan payments until the loan is paid off.

How much does a fixed roof lease cost?

Program participants will receive fixed roof lease payments from the LADWP. Depending on the installed system size, the lease payment will be between $240 and $600 per year. The agreement is valid for up to 20 years and can therefore provide cumulative financial benefits between $4,800 and $12,000 depending on system size.