SOLAR POWER PURCHASE AGREEMENT
Solar Storage SA in partnering with our finance partners are able to offer our commercial customers the option to enter into a PPA – a Power Purchase Agreement; an alternative way for you enjoy the benefits of solar without having to pay any upfront costs.
What is a Solar Power Purchase Agreement (PPA)
Our finance partner owns and maintains the solar system that is installed at your property; and you agree to purchase the power generated by the system at a set price per kWh. The purchase price of the generated electricity is lower than what you would otherwise pay to an energy retailer; and the rates can be fixed according to the contract.
Key benefits of a Solar PPA
- $0 capital outlay upfront
- Hassle-free, no ongoing operating expenses
- Reduces electricity cost
- Locks in power costs for set period of time
- Increase the value of your premises
- Flexible agreement with exit options
How a Solar PPA works
Volatility in energy prices creates operational uncertainties. Through a Solar Power Purchase Agreement (Solar PPA) a third party covers the cost of installing the Solar System at a business’s location and sells the energy generated from the system to the business at a lower rate than their retailer. At the end of the agreement (usually 7 to 11 years) the ownership of the system along with the full benefits of free energy passes to the business. A Solar PPA enables a business to reduce running costs without having to increase the investment costs. A Solar PPA also shifts the operational risk of under-performance or product failures to the Solar PPA provider in the event of issues.