Solar Panels Power Purchase Agreement

No advance fees or ongoing charges means that choosing an electricity consumption contract saves your business money from day one and continues to benefit for the entire agreed term. At the end of the agreed term, ownership of the facility will be transferred to you and your company will be able to benefit from free solar electricity for the remaining term of the system (approximately 10+ years). A Solar Power Receiving Agreement (SPPA) is a financial agreement in which a third-party developer owns, operates and expects the photovoltaic (PV) installation and a guest customer agrees to install the installation on their land and source electrical power from the system from the solar service provider for a predetermined period of time. This financial agreement allows the customer to obtain stable and often inexpensive electricity, while the solar service provider or other party acquires valuable financial benefits, such as tax credits and revenue from the sale of electricity. . . .