Power Purchase Agreement
Are you interested in going solar but worried about the upfront costs of installation?
A Power Purchase Agreement (PPA) may be the perfect solution for you.
PPA (Purchase Agreement)
Under a PPA, our solar panel provider installs and owns the solar panel system on your property, and then sells the electricity generated by the system back to you at a discounted rate. You only pay for the electricity that you use, and you don’t have to worry about the upfront costs or maintenance of the solar panel system.
No Upfront Costs
customer does not have to pay for the solar panels or installation upfront, making it more affordable for you to go solar.
Customer is able to lock in a fixed rate for the solar electricity produced, providing price stability and protection from volatile energy prices.
The solar installation company takes on most of the risk associated with the solar project, such as maintenance and repairs, leaving the customer with little to no financial responsibility for the system.
PPA CORE BENEFIT
The PPA typically lasts 25 years, with the option to renew the agreement at the end of the term. During this time, the solar company is responsible for the operation, maintenance, and repair of the solar panel system, which means that you don’t have to worry about any additional costs or responsibilities.
Contact us today to learn more about our PPA solar program and how we can help you make the switch to clean energy.