2023/11/01

For the installation of
44.00 kWp (DC)
44.00 KW (AC)
Commercial Grid Tied
Solar Photovoltaic System
Dakota De Freitas
Solar Watt Systems
Please read these terms and conditions carefully in conjunction with our proposal for the design, supply, and installation of the solar photovoltaic system. These terms outline the essential aspects of our agreement and provide important information related to the project.
Our proposal entails the comprehensive design, supply, and professional installation of a solar photovoltaic system at the specified location. This system will be meticulously configured to ensure optimum performance, efficiency, and environmental sustainability. Following the successful setup of the electric circuit components, Solar Watt Systems Inc will diligently commission the system, provide the Owner's Instructions Manual, and offer comprehensive explanations of the PV System's essential functions. We are committed to delivering a seamless and efficient solar solution tailored to your specific needs.
By accepting our proposal, you agree to adhere to the terms and conditions outlined herein. Should you have any questions or require further information.
Please read these terms and conditions carefully in conjunction with our proposal for the design, supply, and installation of the solar photovoltaic system. These terms outline the essential aspects of our agreement and provide important information related to the project.
| Year | FCA | PV Recovery RATE ($/kWh) |
Credit from Utility | |
|---|---|---|---|---|
| 1 | $0.2000 | $0.3575 | $11,070.56 | |
| 2 | $0.2000 | $0.3575 | $11,015.21 | |
| 3 | $0.2000 | $0.3575 | $10,959.85 | |
| 4 | $0.2000 | $0.3575 | $10,904.50 | |
| 5 | $0.2000 | $0.3575 | $10,849.15 | |
| 6 | $0.2000 | $0.3575 | $10,793.80 | |
| 7 | $0.2000 | $0.3575 | $10,738.44 | |
| 8 | $0.2000 | $0.3575 | $10,683.09 | |
| 9 | $0.2000 | $0.3575 | $10,627.74 | |
| 10 | $0.2000 | $0.3575 | $10,572.38 | |
| 11 | $0.2000 | $0.3575 | $10,517.03 | |
| 12 | $0.2000 | $0.3575 | $10,461.68 | |
| 13 | $0.2000 | $0.3575 | $10,406.33 | |
| 14 | $0.2000 | $0.3575 | $10,350.97 | |
| 15 | $0.2000 | $0.3575 | $10,295.62 | |
| 16 | $0.2000 | $0.3575 | $10,240.27 | |
| 17 | $0.2000 | $0.3575 | $10,184.91 | |
| 18 | $0.2000 | $0.3575 | $10,129.56 | |
| 19 | $0.2000 | $0.3575 | $10,074.21 | |
| 20 | $0.2000 | $0.3575 | $10,018.86 | |
| Totals | $210,894.16 | |||
| Ave Annual return (IRR) over 20 years | 18.28% | |||
| Payback (Years) | 5.15 | |||
The Fair Trading Commission (FTC) is responsible for determining the rates per kilowatt-hours therefore some fluctuations can be expected overtime. However, the current annual estimated saving is calculated based upon the FTC’s energy rate of BBD $ 0.4275 per kWh.
| Application Fee | Insurance of Licence Fee | Application Category | Rate Applicable |
|---|---|---|---|
| $500.00 Domestic | $100.00 | From 0 kW - Up to 10kW (Threshold where minimum application documentation required as per the ELPA Application Form, Items 3 - 4 ) |
$0.3575 |
Please write all cheques to the Permanent Secretary, Ministry of Energy & Business Development. The Ministry does not accept abbreviations.
Yield Values are based on the specifications provided by the manufacturer of the installed equipment and the capacity of the inverter. If, after the project completion and the PV system's commissioning, the yield values fall below the estimated 45kWhrs in the first year, the contractor will take all required corrective measures, including the installation of additional equipment at their own expense to ensure the required output.
Solar Watt shall not be held accountable for the following conditions, as they are beyond our control:
While Solar Watt Systems can assist with warranty transactions, it's important to be aware that freight charges, removal, and reinstallation are not covered under the manufacturer's guarantee agreements. The attached warranty documents from the individual manufacturers provide more details. Any costs for equipment replacement outside the warranty period will be absorbed by the customer, and diagnostic analysis call-outs will incur additional charges.
As we proceed with the arrangements for your solar system installation, we highly recommend consulting with your insurance company to ensure comprehensive coverage for your investment in case of any damages.
Please note that Solar Watt Systems Inc's insurance responsibility concludes once the components of the PV system have been delivered to the site and/or partially installed on your property, even if the system has not been commissioned yet. Therefore, it is in the best interest of the Client to have the system insured to safeguard against unfortunate situations or Acts of God.
The contract may be terminated by either party under the following circumstances:
We highly recommend and are pleased to offer operation and maintenance (O&M) services to the Client for a minimum of two (2) years following project completion. It is crucial to note that the Manufacturers’ warranty may become null and void if the PV system is serviced by others or if the recommended service procedures by the Manufacturer are not adhered to. Our comprehensive scope of works for O&M services includes:
| Description | Quantity |
|---|---|
| solar panels | 3 |
Quantities are subject to change based on availability, design consideration and site restrictions.
The ownership of the system will be transferred to the customer upon full payment. However, Solar Watt Systems Inc. (SWSI) retains the right to remove the system in the event of non-payment, at the cost of the customer.
Upon successful completion of the installation, the Government Electrical Engineering Department (GEED) will issue a Certificate of Approval, confirming that the PV System has been installed to their satisfaction and meets their requirements.
On-site testing and commissioning of the PV System installation is conducted to verify compliance with the manufacturer's specifications and to ensure the system's operational readiness for subsequent metre changeover. The installation is considered complete and functional once the GEED approval certificate is received, and the system is activated.
Solar Watt Systems will provide the following services:
Exclusions from Solar Watt Systems' Scope of Works:
I hereby confirm that I have thoroughly read, understood, and consent to all the terms and conditions outlined in this document, along with all attachments. I acknowledge that upon affixing my signature, this document shall constitute a legally binding contract.
We encourage that payment be made by cheque or debit funds transfer, using the following information:
COCONUT WALK BRANCH, BARBADOS
SWIFT: NOSCBBBB
BENEFICIARY’S NAME: SOLAR WATT SYSTEMS INC
BENEFICIARY ACCOUNT: 807983
TRANSIT: 70656