2) The Project Sponsor5th Module

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 Frequently Asked Questions

    1. Will I consume all the power the solar array produces?
      1. Yes, our goal is to design a solar array that produces an amount equal to your yearly needs. The design of the system is based on your previous power usage. Note: The summer months will produce more power than needed and the winter months will produce less.
      2. Note: some rooftops are not large enough to provide all the power consumed at a particular location.
    2. Are there maintenance fees?
      1. Yes, annual maintenance fees are $10/kW which are split between the Project sponsor and the segment holders.
      2. A 5kW system has a yearly maintenance fee of $50.
    3. What do the maintenance fees cover?
      1. System monitoring to ensure equipment is functioning properly.
      2. Site visits when necessary to inspect equipment.
      3. EnSegs will not charge for warranty work or to replace faulty equipment. Additional parts and equipment not under warranty are not included in the maintenance fee.
    4. Will the solar array reduce the life of the rooftop surface?
      1. No, the array may add to the life of the rooftop surface since it shades the surface.
    5. The contract states that I will be required to provide rooftop access to EnSegs. Why is this a requirement?
      1. EnSegs may require a site visit to inspect faulty equipment or perform warranty work.
    6. Will providing rooftop access to EnSegs result in any unforeseen liabilities?
      1. No, EnSegs promises a worry free positive experience. We will make every effort to keep you, our valued customer, as happy as possible.
    7. Do the various segment owners have access to my rooftop?
      1. No.
    8. Do I own all the modules and the equipment that is installed?
      1. No, you own at least 51% and you can choose to own more if you like.
    9. I’m the project sponsor, what happens if I sell the property?
      1. The contract you sign provides a provision for that. In the event that a property is sold you must transfer 51% of the projects energy segments to the new owner.
    10. What else is in the contract?
      1. A caveat has been added to the title of the property that ensures that the project remains on the property for the full length of the project. It also indicates that the owner of the property owns 51% of the project and is entitled to the same percentage of electrical power generated from the solar array.
      2. The owner agrees to pay EnSegs for 100% of the power that the array produces, and for the full period of contract. EnSegs credits the project owner for 51% and then takes the remaining 49% and pays this to the owners of the energy segments.
    11. Will the solar array reduce the ability to sell the property in the future?
      1. No, solar panels have been shown to increase the resale value of a property.
      2. An important selling feature will be that the new owner will have a low power bill, due to owning 51% of the energy segments (their electricity bill should be better than half of what it would have been).
    12. As the project sponsor, can I buy back the energy segments?
      1. Possibly, project segments are transferable and as such they could be purchased from segment owners.
    13. What does EnSegs charge to have energy segments transferred between owners?
      1. EnSegs current transfer fee is $20.
    14. How long is the commitment on a project?
      1. The length of the project is between 2 and 25 years.
    15. What happens if more efficient panels or modules are developed in the future?
      1. This is extremely likely!
      2. Similar to computer technology, solar technologies will also continue to improve and become less expensive. This is why we feel individuals or companies are wise to make yearly investments in renewable energy projects. Spreading out your investment allows you to take advantage of tomorrow’s technological advances.
      3. Larger projects may see the installations broken into several phases over the course of several years; thus, the cost per watt of a future phase may be less than the original phase.
    16. I had a PV system installed a few years ago. Can I add this to EnSegs projects and become a project sponsor?
      1. Not at this time.
    17. What if EnSegs goes under?
      1. In the event that EnSegs INC. dissolves, contracts are in place to protect both the project sponsor and the owners of the energy segments.
      2. The contracts provide a means for the property owner (project sponsor) to purchase back all energy segments and become the sole owner of the solar PV array.
    18. How is the value of an Energy Segments calculated?
      1. Energy segments are valued by combining the purchase price – past revenue + future revenue.
      2. The purchase price is the value of the segment at the time of purchase, including GST.
      3. Past revenue is simply the total revenue that has been paid to the segment owner.
      4. Future revenue is calculated by taking the remaining years in the contract, the production value of an energy segment, the current cost of electricity, and multiplying the factors together.

I’m a business owner that has a new project on my roof can I buy segments for my employees?

  1. Yes! You could choose to purchase all the segments and then transfer ownership to your employees when needed.

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For questions or comments on the “The Project Sponsor” section please send us an email to CustomerService@ensegs.com