Power Purchase Agreement
Solect develops, designs, installs, owns and operates dozens of solar energy systems throughout Massachusetts. As the leading full-service commercial solar company in the state, we take a practical and consultative approach to help organizations capitalize on their solar potential.
Under a Solar Power Purchase Agreement (PPA), an organization enters a financial agreement with a third-party under which the third party leases the roof or ground space from the business or organization, owns and maintains the system, and sells the solar electricity generated back to the organization at a reduced rate.
This format is generally utilized when an owner is unable to utilize the tax benefits such as a non-profit organization (church, municipality, school, college or other non-profit), and does not have access to capital. This format is also used by companies that have decided to deploy their capital or credit elsewhere.
Solect offers a number of different PPA solutions
Whether it’s an on-site or off-site solution, a Solect PPA Solar Energy Solution can help to significantly reduce your organization’s operating costs – allowing you to spend more money where it really matters. Solect offers a number of different solutions for organizations to participate in solar:
The benefits of PPAs are clear for both sides: The ownership entity is able to take advantage of the financial incentives over the life of the system, and the organization is able to significantly reduce its operating expenses by using a lower-cost renewable energy solution.
Reduced & Predictable energy costs