Solar Power Purchase Agreement
Summary
A Solar Power Purchase Agreement (PPA) is a financial arrangement in which a developer installs, owns, and operates a solar energy system on a customer’s property. The customer agrees to purchase the system’s electrical output at a predetermined rate, typically lower than the local utility rate, for a specified term. This arrangement allows customers to benefit from solar power with little to no upfront costs, while developers gain a stable return on investment. PPAs are popular among businesses, municipalities, and nonprofits seeking to reduce energy costs and carbon footprints without the complexities of owning and maintaining a solar power system.
No upfront costs
Pay only for the electricity generated.
Lower energy bills
Save on utility costs from day one.
Maintenance included
Energy Defenders handles all system upkeep and repairs.
Flexible terms
Contracts typically range from 10 to 25 years.
A Solar Power Purchase Agreement (PPA) with Energy Defenders is an attractive option for homeowners and businesses looking to go solar without the hefty initial investment. With a Solar PPA, Energy Defenders installs, owns, and maintains the solar system on your property. You agree to purchase the electricity generated at a predetermined rate, often lower than the current utility rates.
The primary advantage of a Solar PPA is the absence of upfront costs. This means you can start saving on your energy bills immediately, without the burden of an initial investment. Additionally, Energy Defenders takes care of all system maintenance and repairs, ensuring that your solar system operates efficiently throughout the contract period, which typically spans 10 to 25 years.
Moreover, a Solar PPA offers predictable and stable energy costs. The rate you pay for electricity under a PPA is usually lower than traditional utility rates and can be fixed for the duration of the agreement. This financial predictability, combined with the environmental benefits of using clean, renewable energy, makes a Solar PPA with Energy Defenders an excellent choice for those seeking a hassle-free and cost-effective way to adopt solar power.