A solar power purchase agreement is a financing arrangement that allows businesses and organisations to purchase solar electricity with no upfront capital cost. You rent your roof and buy the discounted solar electricity rather than investing in a solar PV system of your own.
A PPA offers an effective means to reap the benefits of solar PV without having to take on the responsibilities of being a solar system owner-operator. A PPA also satisfies companies that prefer to reinvest their funds into core business activities.
Underpinned by long-term, proactive operation and maintenance activities, we ensure your system performs in line with expectations and delivers the forecasted savings not just today, but for at least the next 25 years.
benefits of power purchase agreements
- Reduced energy rates at no cost to your business.
- Financial savings from day 1 on your energy bills and protection against future price rises.
- By only paying for the electricity your system produces each month, it will give a significant benefit to a commercial operation, given the electricity is purchased at a cheaper rate than from the grid.
- Your bespoke Solar PV system will typically give electricity bill savings of 20-25%.
- Green Shield Group will design and install the equipment with ZERO upfront costs to you.
- The PPA contract can also be transferred if the building is sold, while potentially giving an increase in property value and saleability, with the new owner continuing to receive the benefits.
the impact of doing nothing vs. switching to renewable via a PPA agreement
Government data indicates average electricity prices in the industrial sector are rising by 5.04%* per annum. That equates to your bill doubling every 14 years.
With no upfront costs, opting for a power purchase agreement means your business will begin to make savings from day one and continue to benefit for the full term of the agreed term. Once the agreed term ends, ownership of the system transfers to you and you enjoy free solar electricity for the remaining life of the system (c. 10 years +).
*Data provided by DBIS, National Statistics and OBRR