Page 1 of 2 05/01/2018
RESIDENTIAL SOLAR WATER HEATING PROGRAM
PROGRAM AGREEMENT AND BILL OF SALE FOR ENVIRONMENTAL ATTRIBUTES
T
his Program Agreement and Bill of Sale for Residential Solar Water Heating (the “Agreement”) is entered into by
and between _______________________________________________ [insert SRP Account Holder name]
(“Seller”) and Salt River Project Agricultural Improvement and Power District, an agricultural improvement district
organized and existing pursuant to the laws of the State of Arizona (“SRP”). Seller and SRP are sometimes referred
to individually as a “Party” and collectively as the “Parties”. The Parties agree as follows:
E
ffective as of the date on which the solar water heating system (the “Solar System”) passes an SRP evaluation (the
“Effective Date”), Seller, in exchange for an incentive payment paid by SRP (the “Incentive”) and other good and
valuable consideration hereby sells, transfers and delivers to SRP all of its right, title, and interest in and to the
Environmental Attributes and Environmental Attribute Reporting Rights (as defined below) associated with the
operation of the Solar System owned by Seller and initially located at
____________________________________________________________ [insert installation address]. The amount
of the Incentive and payment of the Incentive will be determined in accordance with the Residential Solar Water
Heating Program Requirements (“Program Requirements”).
T
his Agreement transfers all of the Environmental Attributes and Environmental Attribute Reporting Rights produced
by the Solar System for a period of 20 years, commencing on the Effective Date (the “Transfer Period”). As used in
this Agreement (i) “Environmental Attributes” means any and all fuel, emissions, air quality, or other environmental
characteristics, including green energy tags, renewable energy credits, or certificates attributable to energy produced
by the Solar System during the Transfer Period, and (ii) “Environmental Attributes Reporting Rights” means all rights
to report ownership of the Environmental Attributes to any person or entity under Section 1605(b) of the Energy Policy
Act of 1992, any successor or replacement statutes, or otherwise. SRP shall have no interest in any Environmental
Attributes or Environmental Attribute Reporting Rights generated after the Transfer Period.
I
f the Solar System is removed or not maintained operational for at least 20 years, then Seller shall reimburse SRP
a prorated portion of the Incentive for non-delivery of Environmental Attributes and Environmental Attribute Reporting
Rights. Seller shall notify SRP in writing within 30 days if the Solar System is removed or will not be kept operational.
In the event of sale of the property during the Transfer Period, the Solar System shall be deemed non-operational
unless the buyer agrees, in writing, to be bound by the terms and conditions of this Agreement.
S
eller shall be solely responsible for any tax liability imposed on Seller as a result of the payment of the Incentive.
S
eller represents and warrants that its sale of the Environmental Attributes and Environmental Attribute Reporting
Rights to SRP is and will be Seller’s one and only sale of the Environmental Attributes and Environmental Attribute
Reporting Rights with respect to the energy generated by the Solar System and no third party has claimed or can
claim any interest in such Environmental Attributes or Environmental Attribute Reporting Rights.
A
t SRP’s request, Seller shall execute and deliver such further instruments of transfer, and shall take or cause to be
taken such other or further actions, as shall reasonably be requested for purposes of carrying out the sale of the
Environmental Attributes and Environmental Attribute Reporting Rights.
Seller shall permit SRP the right to enter the property after the Solar System has been placed in service, if required,
to conduct an evaluation of the Solar System.
