Solar Power Purchase Agreements

A Solar Power Purchase Agreement (PPA) is a financial arrangement where a developer installs solar panels on a property at no upfront cost to the owner. The owner agrees to buy the electricity generated at a set rate, usually lower than current market prices. The developer owns and maintains the system, and the owner benefits from renewable energy without the initial investment or maintenance worries. PPAs are common for businesses or institutions seeking to reduce energy costs and their carbon footprint while avoiding the complexities of system ownership.