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A solar power purchase agreement or solar PPA refers to a contract that is signed between two parties. It involves the one that produces solar power (the provider) or the power generator, and one looking to purchase electricity (the customer) generated from a solar system.<br><br>While solar PPAs are long-term in nature, customers can opt to buy the system completely after some time as per agreed conditions.
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What is a Solar Power Purchase Agreement? • A solar power purchase agreement or solar PPA refers to a contract that is signed between two parties. It involves the one that produces solar power (the provider) or the power generator, and one looking to purchase electricity (the customer) generated from a solar system. • While solar PPAs are long-term in nature, customers can opt to buy the system completely after some time as per agreed conditions.
How Do Solar PPAs Work? • In a power purchase agreement, you, as the business owner (and customer in this case) set up space for installation and mounting of a solar power system. • Once that is done, it will be your PPA provider’s full responsibility to install, maintain, and own the solar system. • All that remains for you to do is to purchase electricity generated from this system according to pre-determined rates and terms of use.
Who Can Qualify for Solar PPAs? • While all kinds of businesses can opt for solar PPAs, it serves as an excellent option for those who wish to run their business on a clean and green power source without the added responsibilities of owning and maintaining a solar power system. • Irrespective of business type or size, the various solar PPA benefits that you can avail for your business allow you to create a green corporate image. Let’s check them out.
What are the Key Benefits of Solar PPA for Business? • Enjoy Substantial Savings • Reduce Upfront Costs Of Going Solar • Become A Cashflow Positive Business • Witness Limited Operational Risks • Rightfully Earn The ‘Green Business’ Tag
Key Takeaways Solar PV installations via PPA is the perfect investment for Australian businesses that want to go green without having to take any operational risks. You don’t have to worry about any infrastructural requirements. All you have to do is buy the power generated and avail the various benefits of commercial solar without having to own, operate, or maintain a solar system! To know more, connect with our experts today! Call us on 1300 707 042 or send us an email via info@gee.com.au