NuHome Agreement explained:
The NuHomeTM Agreement is the agreement between you, the Customer, and NuHome which details the sale of power produced by a customized solar and battery storage solution design by NuHome. You pay a monthly fee in return for the use of the solar system over a period of 10/15 years.
Key Terms of NuHome Agreement Explained:
- Rate per kWh: R2.35 excl VAT, R2.70 incl VAT.
- Inflation: 7% annual increase on 1 July of every year.
- Agreement Term: 10/15 Years
- Number of Payments: 180(15 years) and 120(10 years).
System Ownership: NuHome owns, operates, maintains the system & sells power to the customer in terms of thisAgreement and then transfers the ownership of the system to the client for R1 at the end of the term.
Any time Buy Out: The system can be bought out at anytime by the client for the residual value of the agreement during the agreement period.