No capital expenditure, or maintenance cost or hassle. No impact on your balance sheet Power Purchase Agreements (PPA’s) are agreed upon terms under which a consumer receives discounted power from a solar system installed on their premise. The purchase price comes at a locked in rate, and is set for a period of time (generally 15 years).
Commpower’s PPA provider will pay for a solar system to be installed that is specifically designed to meet the needs of each site. The system will then generate renewable energy that is consumed by the electricity customer at the property.
PPA power rate is known, resulting in immediate savings. This green power is sold to the customer at an agreed rate, which results in lower costs than the current electricity retailer. The price is pre-agreed for the full 15 year term, so you have the ability to know exactly what your roof price will be for the full term. For example, a business installed under a PPA can secure a fixed low cost rate, for all the power they offset through the solar system, only limited by how many panels their roof can accommodate.
This gives companies the ability to have price surety over a 15 year period.
In some cases, the customer can take ownership of the system at the end of the PPA term for zero dollars, giving them a further 10 years of panel warranted performance. Over the lifetime of the system, customers can save up to 55% of their electricity costs.