A solar Power Purchase Agreement (PPA) allows businesses to pay off and maintain their own solar energy systems at no upfront costs, while enjoying the immediate benefit of cost savings.
The savings and reliability of solar PV solutions are undeniable and businesses are making use of these benefits through Power Purchase Agreements.
With SOLA's finance options, businesses can avoid upfront purchase and installation costs, while continuing to enjoy the benefits of clean energy, with the knowledge that they are supporting a sustainable future.
A commercial solar PPA enables a fully integrated solar photovoltaic system to be installed, incorporating a customised monthly payment plan. PPAs can also include the option to take ownership of the system at the end of the financed period, with no upfront installation costs. A PPA ensures that payment is only made for the energy the system produces during daylight hours.
The conditions of power purchase are detailed in the PPA or solar lease which is negotiated directly with each client to ensure the agreement is workable for both parties. For many clients, the cost of solar is lower than the cost of electricity provided by the national grid.
In the case of South Africa, with the costs of solar equipment falling and electricity tariffs escalating, it is expected that a large-scale solar facility will provide power at costs lower than Eskom's lowest bulk tariff from 2019 onwards; making solar a viable option to investigate for all energy-intensive clients.