A Power Purchase Agreement or PPA is a great way for businesses to reap the benefits of solar power, with no upfront installation or ongoing maintenance costs.
Simply put, a PPA is an agreement between a business and a provider for the supply and sale of energy.
The provider will cover the financial cost of the solar energy system installation and ongoing maintenance, and the business will enter into an agreement to purchase the power generated by the solar system (at a much lower cost than normal grid power) directly from the provider. And at the end of the agreement period, you can purchase the system for as little as $1.00 – yes, that’s not a typo!
By entering into a PPA, businesses can lower their energy costs without having to invest thousands of dollars into a solar system.
Is a PPA right for your business? Our energy experts can assist you with a comprehensive energy assessment and detailed quote, including system comparisons and payment options to help you arrive at the best decision for your business.