Renewable Energy Credit (REC) Sale & Purchase Agreement (Solar Array Valley Cemetery Building)

This contract is for the sale and purchase of Renewable Energy Credits (RECs) between the City of Lebanon, NH and the Community Power Coalition of New Hampshire (CPCNH). The RECs are generated by a solar photovoltaic facility located in Lebanon, NH, with a capacity of 24.51 kW-DC and 20.00 kW-AC. The contract has an initial term of one year, starting on January 14, 2025, and ending on December 31, 2025, with the option to automatically renew for consecutive one-year periods. The price per REC is posted on the CPCNH website and is based on broker quotes of market prices less CPCNH administrative costs. The contract includes provisions for the sale and purchase of RECs, payment terms, and termination. • The contract is for the sale and purchase of RECs generated by a solar photovoltaic facility. • The facility has a capacity of 24.51 kW-DC and 20.00 kW-AC. • The contract has an initial term of one year, with the option to automatically renew for consecutive one-year periods. • The price per REC is posted on the CPCNH website and is based on broker quotes of market prices less CPCNH administrative costs. • The contract includes provisions for payment terms and termination.