What is Solar Energy?
Solar energy can exist as solar electric, or solar thermal. Solar electric (photovoltaic) is the typical solar power used in calculators and solar panels; it directly converts sunlight into energy. In many cases, large solar panels can be located on top of school buildings and can reduce electrical costs significantly.
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) 679-4417 today, and we’ll talk about the benefits of solar power and PPAs.