Solar Homes Program loan agreement

  1. Agree to the terms set out in the Loan Contract
  2. Acknowledge that:
    1. before entering into the Loan Contract you have read and understood the Loan Contract;
    2. you have not applied for, and will not attempt to receive, a Solar Homes Loan for more than two rental properties of which you are the rental provider in a given financial year and one Solar Homes Loan for the property which is your principal place of residence;
    3. you will engage an Approved Solar Retailer to install a Solar System at your Nominated Property.
    4. the Loan Amount will be paid directly to your chosen Approved Solar Retailer;
    5. the estimated savings from the Solar System will vary based on existing consumption patterns at the Nominated Property and, if they change for any reason (including if the Nominated Property becomes vacant), this will be at your risk and will not affect your obligation to repay the Loan Amount; and
    6. any information you provide in connection with the Solar Homes Loan will be retained by us for auditing and program reporting purposes for a sufficient period to satisfy DEECA’s reporting and record-keeping requirements;
    7. if you have also entered into a Agreement between Rental Provider and Renter, you:
      1. remain responsible for making repayments under the Loan Contract notwithstanding the terms of any Agreement between Rental Provider and Renter (and any amounts the Renter agrees to pay to satisfy the repayment of the Loan Amount will be paid directly to you); and
      2. must not claim any amount from the Renter of the Nominated Property in respect of the Loan Amount that is referable to any period after the Renter vacates the Nominated Property; and
  3. Declare that you have authority to enter into the Loan Contract and you do not need anybody else’s consent before you enter into the Loan Contract.
Solar Victoria

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