Solar PPA (Power Purchase Agreement)

Conversely, solar thermal converts sunlight into heat, which powers a heat engine that then generates electricity; it is a radiator-type system that circulates water through solar panels to gain heat. This water can be used to reduce the electricity or gas required to heat water for boilers or water heaters. The “radiator” water circulates through heat exchangers to raise the temperature of incoming water and reduces the electricity required to raise the temperature of the water to be used in devices that require warm water.

Solar energy is better for the environment and can produce great cost savings. But sometimes, the costs can feel overwhelming when you’re dealing with a large facility or multiple locations. That’s where a Solar PPA can be helpful.

Solar Power Purchase Agreement

With a Solar Power Purchase Agreement, you buy the solar power rather than the solar power system itself. A third party (in this case, Energy Optimizers, USA) develops, owns, and maintains the solar system, which is located on your property, and you purchase the electric output from the system. The benefit of such an arrangement is that you can have a solar system developed on your property with low initial investment with minimal risk and no upfront cost while also paying low energy costs that are typically at or below your normal utility prices.

Plus, you gain the benefit of touting your company or organization as “solar-powered.”

Ready to learn more? Call us at (937) 877-1919 today, and we’ll talk about the benefits of solar power and PPAs.