Second part of a five part series on Ways to Green Your Energy Profile WITHOUT Increasing Cost
Putting your open rooftop or grounds to work through the installation of a solar power system can come with a hefty price tag if you choose to own the system yourself. Instead of fronting the construction capital and taking responsibility for maintenance over the lifetime of a solar installation, most businesses opt to enter into a long-term power purchase agreement (PPA) that shifts these costs and ownership to a renewable energy provider. The provider supplies power generated on-site to you for a…
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Posts Tagged ‘PPA’
Defer Ownership of an On-site Solar Energy System
Posted by Michael D Smith
What Financing Options are Available for Solar Installations?
Posted by Michael D Smith
When considering an on-site solar installation for your business, you’ll want to start exploring what options are available to finance the investment.The three most common options are: a power purchase agreement (PPA), long term lease, and outright purchase.
Beginning in 2007, the PPA option has become the most commonly selected*, allowing businesses to host solar systems and purchase solar energy with no upfront costs.
- In talking with Jeff Blankman, manager sustainable manufacturing, McCormick & Co. about choosing a PPA with Constellation Energy for the installation
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