A Power Purchase Agreement, or PPA, is a long-term agreement to buy power from a company that produces electricity, and serves as an excellent alternative to financing and owning the system.
Solar Power Partners (SPP), using its own source of funds, builds a solar energy facility on our customer's site and maintains and operates the facility for 20 years or longer. This facility generates reliable, long-term clean energy for use by our customer.
Under the terms of an PPA, SPP assumes the risks and responsibilities of ownership when it purchases, operates, and maintains the turn-key facility. We clean the solar panels regularly, provide preventative maintenance services, repair any faults, monitor the energy production and the system's health and well-being. Our customers run their businesses as usual, without any of the headaches of owning a power plant.
At the end of the PPA term, the facility can be purchased by our customers at fair market value, or the PPA can be renewed on favorable terms. The PPA enables our customers (and our world) to benefit from the use of "green" energy, while still receiving some of the benefits of ownership (lower and/or "hedged" electricity costs, positive public image, etc. ) and allows them to spend their capital budget on their core businesses.
Contact a Solar Solution LLC representative to discuss in greater detail. firstname.lastname@example.org