Hi,
Thx for this.
There're several schemes offered by e.g. SolarCity:
1.100% downpayment w/o annual lease escalation
2.Partial downpayment w/o lease annual escalation
3.0% downpayment w/ annual lease escalation (different from electricity escalation)
All these schemes have a certain portion of consumption delivered by the utility (presumably, this is the baseline) according to its own terms (e.g. escalation) with the rest of the consumption provided by leased PV.
Obviously, the lessor is the one benefiting from the incentives: accelerated depreciation, possibly w/ a bonus and CSI/PBI, etc.
There're also RECs that need to be factored in.
Then, there's the issue of providing the lease itself (i.e., between the lessor, say Google, and the developer, say SolarCity) in accordance with the different schemes: reverse flip, etc.
David