Power Purchase Agreement or Lease – Solar PPA
Third party investors have a strong interest in solar. With the available federal tax incentives and SRECs, our third party investment partner will pay to install and own the solar system on your property. Our partner will offer a “power purchase agreement” through which you buy only the kilowatt hours the system produces; or an “operating lease” through which you receive the benefits of solar energy produced and pay a flat monthly fee for the equipment. Each of these arrangements has its own advantages. (Note that leases are only available to for-profit organizations) See Table Comparing Traditional Bank Loans with your State’s options.