Common use of Administration of Program Clause in Contracts

Administration of Program. 3.1 Subscription Fees & Payment options a. Each Alliant Energy Community Solar Facility will have an Upfront Subscription Fee including the cost of power generation, land, interconnection facilities, marketing and administration costs. Subscribers must pay the Upfront Subscription Fee of $375.00 per 250 ▇▇▇▇▇ (AC) for each Subscription block. The Upfront Subscription Fee is due as follows: i. The non-refundable Administrative Fee of $25.00 is due at the time of enrollment and will be billed to the subscriber on it’s next Alliant Energy electric ▇▇▇▇. ii. The remaining Upfront Subscription Fee may be paid either in: 1) a lump sum at time of enrollment or in 2) installments over a 12-month period following enrollment. Payment option will need to be determined at time of enrollment. Credit cards may be used to make payments but can be limited in the amount allowed per transaction based upon current Company policy. iii. Failure to pay the entire Upfront Subscription Fee balance within one year of enrollment could result in the forfeiture of the Subscriber’s potential Subscription and the loss of monies already paid towards the Upfront Subscription Fee. If, during the course of the twelve (12) month payment period, the customer fails to make the required monthly payment toward the balance of the Upfront Subscription Fee for two or more consecutive months, then the Company may, in its reasonable discretion, reduce the size of the customer’s Subscription to reflect the amount of the Upfront Subscription Fee paid by the customer. The Company will thereafter complete the enrollment process in accordance with Section 1.2, above. iv. Prior to Commercial Operation Date, the Upfront Subscription Fee may be adjusted based on the final actual costs of the facility construction. b. The Upfront Subscription Fee for an Alliant Energy Community Solar Facility is subject to the application of a percentage factor based on the number of years the Subscription capacity of the applicable Alliant Energy Community Solar Facility has been available at the time of Subscriber enrollment. Year 1 begins on the Commercial Operation Date of the Alliant Energy Community Solar Facility. The first day of each subsequent year is the anniversary of the Commercial Operation Date. These factors are shown in Schedule 1 below. For example, if a Subscriber enrolls in Year 3 of an Alliant Energy Community Solar Facility, the Upfront Subscription Fee would be multiplied by 0.90. 1 100% 2 95% 3 90% 4 85% 5 80% 6 75% 7 70% 8 65% 9 60% 10 55% 11 50% 12 45% 13 40% 14 35% 15 30% 16 25% 17 20% 18 15% 19 10% 20 5% 21 0%

Appears in 1 contract

Sources: Community Solar Contract

Administration of Program. 3.1 Subscription Fees & Payment options a. Each Alliant Energy Community Solar Facility will have an Upfront Subscription Fee including the cost of power generation, land, interconnection facilities, marketing and administration costs. Subscribers must pay the Upfront Subscription Fee of $375.00 per 250 ▇▇▇▇▇ (AC) for each Subscription block. The Upfront Subscription Fee is due as follows: i. The non-refundable Administrative Fee of $25.00 is due at the time of enrollment and will be billed to the subscriber on it’s next separately from their Alliant Energy electric ▇▇▇▇bill. ii. The remaining Upfront Subscription Fee may be paid either in: 1) a lump sum at time of enrollment or in 2) installments over a 12-month period following enrollment. Payment option will need to be determined at time of enrollment. Credit cards may be used to make payments but can be limited in the amount allowed per transaction based upon current Company policy. iii. Failure to pay the entire Upfront Subscription Fee balance within one year of enrollment could result in the forfeiture of the Subscriber’s potential Subscription and the loss of monies already paid towards the Upfront Subscription Fee. If, during the course of the twelve (12) month payment period, the customer fails to make the required monthly payment toward the balance of the Upfront Subscription Fee for two or more consecutive months, then the Company may, in its reasonable discretion, reduce the size of the customer’s Subscription to reflect the amount of the Upfront Subscription Fee paid by the customer. The Company will thereafter complete the enrollment process in accordance with Section 1.2, above. iv. Prior to Commercial Operation Date, the Upfront Subscription Fee may be adjusted based on the final actual costs of the facility construction. b. The Upfront Subscription Fee for an Alliant Energy Community Solar Facility is subject to the application of a percentage factor based on the number of years the Subscription capacity of the applicable Alliant Energy Community Solar Facility has been available at the time of Subscriber enrollment. Year 1 begins on the Commercial Operation Date of the Alliant Energy Community Solar Facility. The first day of each subsequent year is the anniversary of the Commercial Operation Date. These factors are shown in Schedule 1 below. For example, if a Subscriber enrolls in Year 3 of an Alliant Energy Community Solar Facility, the Upfront Subscription Fee would be multiplied by 0.90. 1 100% 2 95% 3 90% 4 85% 5 80% 6 75% 7 70% 8 65% 9 60% 10 55% 11 50% 12 45% 13 40% 14 35% 15 30% 16 25% 17 20% 18 15% 19 10% 20 5% 21 0% c. Customers choosing to donate solar blocks, must pay the upfront non-refundable Administration Fee of $25.00 and the Subscription Fee based on above Operation Year Schedule for each Subscription block in a lump sum at time of enroll- ment to be billed to the subscriber separately from their Alliant Energy electric bill.

Appears in 1 contract

Sources: Community Solar Contract

Administration of Program. 3.1 Subscription Fees & Payment options a. Each Alliant Energy Community Solar Facility will have an Upfront Subscription Fee including the cost of power generation, land, interconnection facilities, marketing and administration costs. Subscribers who enroll prior to the first anniversary of the Commercial Operation Date must pay the Upfront Subscription Fee of $375.00 per 250 ▇▇▇▇▇ (AC) for each Subscription block. The Upfront Subscription Fee is due as follows: i. The non-refundable Administrative Fee of $25.00 is due at the time of enrollment and will be billed to the subscriber on it’s next separately from their Alliant Energy electric ▇▇▇▇bill. ii. The remaining Upfront Subscription Fee may be paid either in: 1) a lump sum at time of enrollment or in 2) installments over a 12-month period following enrollment. Payment option will need to be determined at time of enrollment. Credit cards may be used to make payments but can be limited in the amount allowed per transaction based upon current Company policy. iii. Failure to pay the entire Upfront Subscription Fee balance within one year of enrollment could result in the forfeiture of the Subscriber’s potential Subscription and the loss of monies already paid towards the Upfront Subscription Fee. If, during the course of the twelve (12) month payment period, the customer fails to make the required monthly payment toward the balance of the Upfront Subscription Fee for two or more consecutive months, then the Company may, in its reasonable discretion, reduce the size of the customer’s Subscription to reflect the amount of the Upfront Subscription Fee paid by the customer. The Company will thereafter complete the enrollment process in accordance with Section 1.2, above. iv. Prior to Commercial Operation Date, the Upfront Subscription Fee may be adjusted based on the final actual costs of the facility construction. b. The Upfront Subscription Fee for an Alliant Energy Community Solar Facility is subject to the application of a percentage factor based on the number of years the Subscription capacity of the applicable Alliant Energy Community Solar Facility has been available at the time of Subscriber enrollment. Year 1 begins on the Commercial Operation Date of the Alliant Energy Community Solar Facility. The first day of each subsequent year is the anniversary of the Commercial Operation Date. These factors are shown in Schedule 1 below. For example, if a Subscriber enrolls in Year 3 of an Alliant Energy Community Solar Facility, the Upfront Subscription Fee would be multiplied by 0.90, meaning the Subscriber would pay an Upfront Subscription Fee of $337.50. 1 100% $375.00 2 95% $356.25 3 90% $337.50 4 85% $318.75 5 80% $300.00 6 75% $281.25 7 70% $262.50 8 65% $243.75 9 60% $225.00 10 55% $206.25 11 50% $187.50 12 45% $168.75 13 40% $150.00 14 35% $131.25 15 30% $112.50 16 25% $93.75 17 20% $75.00 18 15% $56.25 19 10% $37.50 20 5% $18.75 21 0%% $0.00 c. Customers choosing to donate solar blocks, must pay the upfront non-refundable Administration Fee of $25.00 and the Subscription Fee based on above Operation Year Schedule for each Subscription block in a lump sum at time of enrollment to be billed to the subscriber separately from their Alliant Energy electric bill.

Appears in 1 contract

Sources: Community Solar Contract