At Apex Global Solutions, we understand the importance of transitioning to renewable energy without the burden of upfront investment. Our Solar Power Purchase Agreement (PPA) offers a hassle-free solution for businesses looking to harness the benefits of solar energy without the financial commitment.
What is a Solar PPA?
A Solar Power Purchase Agreement (PPA) is a long-term electricity supply agreement in which a solar service provider like Apex Global Solutions designs, builds, owns, operates, monitors, and maintains a photovoltaic (PV) system. The customer agrees to site the system on their property and purchase the system’s electric output.
How do Solar PPAs work?
PPAs provide a long-term contract between a property owner and an energy developer that installs, owns, and maintains a solar array on the property owner’s land. The energy developer sells the electricity generated by the solar array back to the property owner, setting a long-term, fixed-rate for electricity and financing the upfront costs to install the solar array. The energy developer qualifies for the Investment Tax Credit (ITC), lowering their overall capital costs to install the photovoltaic system.
Can You Save with Solar PPAs?
Absolutely. PPAs are designed to save you money, ideally as soon as the PPA is signed and the system goes online. Because energy rates through PPAs are about a third of traditional energy rates, you can expect to realize immediate savings. Be aware of any escalators in the PPA contract to ensure you’re getting a good deal.
Additionally, because there are no dealer fees involved with PPAs, it’s another way to save compared to financing a solar installation upfront. Some PPAs also come with the option to purchase the solar system after a certain period, making it more like a lease-to-own situation, potentially including extra insurance or warranty coverage.
Why Choose a Solar PPA for Your Business?
How Does Solar PPA Work with AGS?
- Consultation: Our expert team will assess your energy requirements and determine if a Solar PPA is the right solution for your business.
- Installation: We’ll install the solar system on your premises at no upfront cost to your business, ensuring seamless integration and maximum efficiency.
- Energy Purchase: You’ll purchase the solar-generated electricity from us at a competitive rate, providing long-term savings and stability for your energy needs.
- Maintenance and Support: We’ll handle ongoing maintenance and monitoring of the system, ensuring reliable performance and maximum savings throughout the contract term.