4 to 8 months.
500 Kilowatts and larger.
The Oaktown Group and partners will be responsible for the majority of logistical requirements. In most cases the end user will have minimal obligations.
15, 20 or 25 year terms.
The rate will be set at a fixed rate below historical utility increases. This will be determined on a project basis because rates vary by location. The estimated increase each year will be 2% to 3% as compared to the historically increases of 5% to 7 % from your utility company.
Oaktown Group and partner's systems can reduce energy rates up to 50%.
The system will be connected to the local electrical grid. When surplus energy is produced it will be fed into the electric grid (particularly in summer months). When the end-user’s system doesn’t generate enough energy the end-user will use energy from the local energy grid.
Invoices will arrive monthly.
The project will have liability insurance. This cost will be incurred by Oaktown Group and partners.
In general the projects will be connected to the local electric grid.
Oaktown Group and partners will be responsible for Operations and Maintenance. The schedule will consist of routine maintenance performed quarterly throughout the duration of the contract.
The ownership risks associated with the project will be assigned to Oaktown Group and partners.
The minimum performance standards will be outlined in the Power Purchase Agreement. The amount of energy produced and will be different for every project. They will be guaranteed to the end user.
The system host will have the option to purchase the equipment after the expiration of the contract.