Power Purchase Agreement
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What is a Solar Power Purchase Agreement (PPA)?
A Power Purchase Agreements enables customers to make the switch to solar without having to purchase a solar system. Horan & Bird install the solar system on your home and you purchase energy at a pre-determined fixed rate for the term of the PPA. This rate is significantly lower than your current market rate from other energy providers. Solar PPAs typically range from 10 to 25 years. During this period, Horan & Bird Solar is responsible for the operations and maintenance of the system.
Advantages Of PPAs
- You don’t have to pay network charges, which typically make up 35% to 50% grid-based electricity.
- You don’t need to pay anything upfront, and you don’t have to monitor or maintain the system.
- We remove the headaches. You don’t need to seek finance to pay for it – Horan & Bird Solar take care of it all.
- Your home is still connected to the grid, so even if the sun isn’t shining, you can sit back and relax knowing that you will always have power, plus the benefit of solar power during the day.
No Upfront Costs.
You won’t pay any initial capital.
Immediate Savings.
No upfront capital means you don’t have to wait for your ROI. You’ll be cashflow positive from day one!
Fixed Energy Price.
You’ll be able to protect your business against rising energy prices by locking in a low daytime energy rate.
Low Risk.
There are no ongoing maintenance fees and the system has performance guarantees so there’s no risk of production loss.
Learn The PPA Basics
The Bottom Line
Put simply, a Power Purchase Agreement (PPA) is the best way to achieve savings and renewable energy without using capital. Horan & Bird Solar cover all the costs of the solar equipment and installation on your property. Though the solar panel system is located on your property, we have ownership of it and we take care of all the necessary maintenance for you.
Your home will receive stable and low-cost renewable electricity with no upfront cost.
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Still Have Questions?
Request a callback from one of our friendly team to learn more about PPA’s and how you can switch to solar without having to purchase a solar system.
