POWER PURCHASE AGREEMENTS FOR NOT-FOR-PROFIT CUSTOMERS

So much of the economic viability of solar energy projects is derived from the monetization of the Federal Investment Tax Credit (ITC).  However, projects at not-for profit customers don’t qualify for ITC.  So, how can these not-for-profits enjoy the benefits of clean, renewable solar energy?  The answer is a Power Purchase Agreement (PPA).

The essence of a PPA is that the customer purchases electricity, not equipment.  Their electricity rates are fixed for a long period of time, enabling the budgeting of energy costs, something difficult to do now.

Schools, municipalities and other governments, hospitals and other not-for-profits interested in solar should consider our PPAs.

Characteristics of our PPAs:

• Customer purchases all electricity generated from system at predetermined rates
• All tax credits, depreciation and incentives go to PPA company
• Investment grade credit (or equivalent) commercial customers
• No capital cost
• Long term contract