Renewable Energy Credit (REC) Sale & Purchase Agreement (Solar Array Civic Park)

This contract is a Renewable Energy Credit (REC) Sale and Purchase Agreement between the City of Lebanon, NH and the Community Power Coalition of New Hampshire (CPCNH). The agreement outlines the terms and conditions for the purchase of RECs generated by a solar photovoltaic facility located in West Lebanon, NH. The contract has a duration of one year, with automatic renewal for consecutive single calendar-year periods, unless either party notifies the other in writing prior to the beginning of the next one-year period. The price paid for RECs will be a fixed price per REC, based on broker quotes of market prices less CPCNH administrative costs. • The contract includes a detailed appendix with information about the facility, including its physical address, capacity, and generation start date. • The contract outlines the responsibilities of both parties, including the seller's responsibility to provide accurate meter readings and the buyer's responsibility to pay for the RECs. • The contract includes provisions for termination, including the right to terminate if either party fails to perform their obligations. • The contract is governed by the laws of New Hampshire and any disputes will be resolved in the state or federal courts of New Hampshire.