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Solar Energy Solutions for Your Business

 

Solar Energy Solutions for Your Business

Posted by Constellation on November 13, 2017

Constellation o­ffers customer-sited solar installations through 20–25-year Power Purchase Agreements (PPAs) or Solar Services Agreements. These PPAs allow customers to purchase 100% of the electricity from the solar system.

Is Solar Feasible for My Project?

The optimal project meets the following criteria:

1. Access to solar incentives in your area

2. Adequate available space:

  • For a 1 MW system:
  • 150,000 sq. ft. roof space (less than 7 years old)
  • 5+ acres of cleared, level land

3. For a portfolio size over 3 MWs:

  • 8–10 facilities
  • Sites located within a 50-mile radius

4. Ability to enter into a 20-25 year PPA, with investment grade credit rating

What Makes Solar PPAs Viable?

Solar projects combine three sources of revenue: the PPA rate that the customer pays, federal tax incentives (ITC), and Solar Renewable Energy Credits (SREC) or Production Based Incentives. Even with substantial decreases in costs, solar power on its own is not yet competitive with traditional brown power without at least the Federal and/or locally available incentives.

For this reason, Constellation focuses on markets where higher energy prices and market volatility exist to ensure a viable customer savings proposition on the long-term solar PPA.

Which States Present Opportunity for Our Solar PPA Product Today?

Constellation offers Solar PPAs in Arizona, California, Washington, D.C., Georgia, Maryland, Massachusetts, New Jersey, New York and Texas. These areas present the best opportunities for customer-sited solar projects, because they o­ffer reliable programs ensuring viable PPA o­fferings. Learn more about Constellation’s solar offerings.

Constellation Solar Graphic-1.jpg

 

Topics: Sustainability

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