What is Solar Power Purchase Agreement?
A PPA is fully funded solar PV model with no, or low, upfront costs which offers reduced energy costs and the opportunity for long term savings. It allows a developer to design, finance and install a solar PV system on a client’s property. In return, the developer sells the generated energy back to the customer, at a lower and better rate.
The clients will benefit from reducing their carbon emissions, protected energy prices and the generation of their own green electricity.
They will also save money overall on their energy bills due to buying from the developer in the PPA, rather than the grid. For the duration of the PPA, the developer is responsible for the operation and maintenance of the solar PV system. At the end of the contract, the client has various options; extend the PPA, remove the system or buy the system from the developer.