Solar Power Purchase Agreements
A solar PPA may be attractive to businesses that want to avoid the upfront cost of solar and operations while still reducing their utility costs. These long-term agreements vary, but in general, to solar PPA locks in a solar electric rate that is lower than the current rate offered by your utility.
Better homes with no upfront cost
The solar PPA finance company assumes the risks and responsibilities of ownership, construction and on-site maintenance of the power plant. As the legal system owner, it also receives any solar subsidies and tax benefits, reducing its upfront costs and risks. Overall, solar PPAs are a win / win for the business and the solar PPA provider.