Lease Agreement Overview

Under the Sunglow Lease Agreement, you make modest quarterly lease payments over 7 years and you return the complete system to us at the end of the lease with nothing more to pay. Or if you wish, at the end of the lease, you can make Sunglow an offer to purchase the complete system. If you're not sure what to do after 7 years, you can just keep leasing by paying a significantly reduced quarterly lease payment until you decide to make an offer to buy it or return it. These reduced quarterly lease payments are currently calculated to be around 50% of your final quarterly lease payment under the original 7 year lease. After 3 years of paying these reduced quarterly payments, it becomes Sunglow's responsibility to remove the complete system from your property, or Sunglow can choose to leave it where it is and all you have to pay is a final $10 Lease Close Out Fee.

Over the 7 year term of the Sunglow Lease Agreement, Sunglow will continue to own the complete solar hot water system. Therefore, you do not have to give any form of security over your home or other assets, leaving your home's equity value available for other things. However, just like a car lease, you are responsible for any maintenance that is outside of the suppliers'/installers' warranty.

By clicking the following link, you can view a more comprehensive summary of the Terms & Conditions of the Lease Agreement, or you can download the complete Lease Agreement and the Lease Agreement Schedule here.