What is a Solar Power Purchase Agreement?
A solar panels power purchase agreement (PPA) is a fully funded solar PV model with no or low upfront costs, offering reduced energy expenses and long-term savings. It enables 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 more competitive rate.
Clients benefit from reduced carbon emissions, stabilized energy prices, and the ability to generate their own green electricity.
Additionally, they save money on their energy bills by purchasing energy from the developer through the solar panels power purchase agreement, rather than relying on the grid. Throughout the PPA duration, the developer handles the operation and maintenance of the solar PV system. At the end of the contract, clients have multiple options: extend the PPA, remove the system, or purchase it from the developer.
How Does a Solar PPA Work?
The process is simple, transparent, and hassle-free: .
- We assess the potential of your roof and gather data on your current electricity usage and pricing.
- https://energy.green-light.co.uk/service/solar-panel-power-purchase-agreement/
- You agree to lease the airspace above your roof and enter into a solar panels power purchase agreement (PPA).
- We install the solar PV system with minimal disruption to your business.
- You enjoy reduced electricity bills for approximately 25 years with no maintenance costs and worry-free system operation.
- After 25 years, ownership of the system transfers to you, allowing you to enjoy free solar PV electricity for the remainder of the system’s lifespan—typically another 10 years.
How Can a Solar Power Purchase Agreement Benefit My Business?
Solar electricity is purchased at a much cheaper rate than is available from your current energy provider
We proactively manage the system under a long-term operation and maintenance contract, including the provision of insurance cover, all at no cost to you
Improve your company’s environmental responsibility and enhance relations with green thinking customers, suppliers and staff
The PPA can be transferred to new occupants of the property should you move to new premises
The unit price you pay for electricity generated by the solar PV system will only rise in line with RPI, allowing you to budget more effectively
Your commercial solar PV system is entirely funded by us so you start saving from day one
Long-term cheaper electricity
Government data shows that average electricity prices in the industrial sector are rising by 5.04% per year. This means your bill could double every 14 years.
With a solar panels power purchase agreement, there are no upfront costs or ongoing fees, allowing your business to start saving from day one and continue benefiting throughout the agreed term. Once the agreement ends, ownership of the system transfers to you, and your business can enjoy free solar electricity for the remaining lifespan of the system—typically another 10+ years.