WHAT IS A SOLAR PPA?
If you want to avail the various benefits of commercial solar power without having to own, operate, or maintain an entire system, then a Solar Power Purchase Agreement is the best option for your business!
A Solar Power Purchase Agreement (PPA) is a contract between two parties – one that produces solar power (the provider) and one looking to purchase electricity (the customer) generated from the solar system.
HOW DOES SOLAR PPA WORK?
In the role of customer, a business entering into the PPA arranges for the space to install and mount solar panels. Their PPA provider takes on full financial responsibility for the solar system, including the installation, maintenance, and ownership. The customer buys electricity generated by this system from the provider at agreed rates for an agreed term.
Here’s a brief explanation of how a solar PPA works for businesses.
WHY CHOOSE GEE FOR SOLAR PPA?
When considering opting for solar through renewable PPAs, it is important to ensure that your PPA provider is a CEC-approved solar retailer.
GEE Energy is Australia’s trusted energy company with a team of experts dedicated to fulfilling any energy requirements for customers across the nation. Apart from providing PPAs, we have also successfully completed large scale commercial projects for various C&I clients.
When you choose to go for a solar PPA with us, we will buy the system on your behalf, while you just purchase the power it generates for your business (at a far lower price than what you are currently paying for grid power)!
TYPES OF SOLAR PPA
The type of solar PPA a business agrees to depend on the kind of solar system installation it has decided to go for to fulfil its energy needs. Let’s explore it further.
BENEFITS OF COMMERCIAL SOLAR PPA FOR BUSINESS
By agreeing to a Solar PPA with a CEC-approved solar retailer like GEE Energy, you just have to buy the power generated and avail various benefits of commercial solar without having to own, operate, or maintain a solar system – we will handle everything!
Under a PPA, you are not making repayments to pay the system off, you are simply buying power from the system rather than from the grid, enabling it to sit completely off your balance sheet.
While a solar PPA usually lasts anywhere from 10 to 25 years, it depends on the agreed upon timeline set by both the customer and the PPA provider.
Yes! Once you sign our terms and conditions, we will arrange everything for you. You only pay for the solar energy created on your roof at a low, fixed solar PPA rate on a new, separate solar energy bill. What’s more, at the end of the term, you can offer to purchase the system for as little as $1.
You still need to have an electricity retailer and be connected to the grid. Solar will help you meet a portion of your energy needs; however, the rest will still have to come from the grid.
It is in our best interest to have the solar system operating at its full efficiency, as you will be charged for the energy it produces. We will be responsible for maintaining the system throughout the term. Normally, if the solar is not producing electricity, you will not be charged.