A powerful way to finance your solar energy project
Performing Arts Building Foundation, Inc, Brewster, MA - 141.6 kW
Greener power.
Greater savings.
No upfront costs.
With a Power Purchase Agreement (PPA), you can finance your solar project through a third-party investor, such as Solect, who leases your property to build, own, and operate a solar energy system. Solect then sells you the electricity generated at a fixed rate for an extended period – typically 20 to 25 years – and at a cost per kWh well below current utility rates.
Who benefits from a PPA?
A Power Purchase Agreement (PPA) is frequently employed by public, educational, and nonprofit entities. Nevertheless, it is also utilized by commercial property proprietors who opt not to make an immediate investment in a solar project. Instead, they sign a PPA with a solar developer or investor, such as Solect Energy and rent out suitable spaces for solar projects.
For government entities, a PPA presents an advantageous choice for obtaining cleaner and more affordable electricity without the need for a significant upfront investment in a solar energy system. It enables you to conserve your capital, reduce operational expenses, and allocate funds towards other critical requirements.
State agencies
Lead your constituents by example and use solar at properties across your state.
Schools
Prioritize budget for staffing, new programs, materials, and technology.
Municipalities
Maximize your tax dollars and invest in critical infrastructure and services.
Nonprofits
Hire new staff and invest in mission-critical initiatives and other resources.
Solect Energy & PowerOptions: An exclusive PPA built for you
Solect partners with PowerOptions, the largest energy-buying consortium in New England, to offer a Solar and Storage Program with several advantages beyond those of a standard PPA – from faster deployment and easier management to more options and maximized savings.
It all starts with a conversation
Solect has completed more than 250 PPAs, from small commercial systems to multi-MW ground-mount and canopy projects, and we’re ready to work with your team. We’ll start by conducting an in-depth assessment of your energy needs so we can implement a solar program that best meets your goals today and into the future. Together, we will:
- Evaluate your electricity profile and solar potential
- Recommend appropriate installation sites
- Prepare a cost-savings analysis and forecast
- Develop a project plan and timeline for you