Why a Solar PPA Could be an Excellent Choice for Your Business
Blog | August 25th, 2022Investing in a commercial solar power system can offer your business a range of benefits; a commercial solar system significantly reduces electricity costs, it can cut business risk moving forward, and it will improve your sustainability rating.
However, the upfront financial costs of a commercial solar PV system are a barrier to many businesses choosing to invest. To help make solar accessible to all businesses, Solar Energy Enterprises is proud to offer a range of financing solutions including solar PPAs.
What is a PPA?
A Solar Power Purchase Agreement (PPA) relieves the need for your business to provide any upfront capital in accessing the benefits of solar power. With a Solar Energy Enterprises PPA, we take on full ownership and maintenance of the solar system on your roof.
You only purchase the electricity generated by the solar system at a rate that is often much cheaper than your current daytime energy rate.
When you choose Solar Energy Enterprises for grid-supplied electricity and a solar PPA you will receive a single monthly bill for all your electricity.
A Solar Energy Enterprises PPA offers a saving protection guarantee with a minimum of a 10% discount to your grid energy rate. Discounts from day one typically range from 25% to 50% of grid electricity.
Pay $0 Upfront for the System
With a Solar Power Purchase Agreement or PPA, a Solar PV System will be installed for $0 upfront. This means you can start saving from day one, without any capital investment.
At the end of the agreed term, your business will own the system and benefit from all the free energy your solar system produces.
No Maintenance Fees
Solar Energy Enterprises will own, maintain, and operate the solar system for you for the length of the PPA term, so you don’t have to worry about the hassle of any maintenance or potential faults.
The responsibility of all maintenance lies with Solar Energy Enterprises, and because we only receive payment for the electricity your solar PV system generates, it’s in our best interest to ensure your solar PV system is always working to peak performance.
Secure a Low Rate
Choosing a PPA allows you to secure a controlled electricity rate for your business, which can be significantly cheaper than your current daytime rate.
With a variety of term options, choosing a solar PPA can give your business electricity price certainty for years to come, protecting you from any grid electricity price increases and enabling your business to make more informed budgeting decisions.
Additional Benefits of Solar
In additional to all the financial benefits of a PPA, your business will also reap all the benefits of solar, including improved energy efficiency due to roofing insulation; increased NABERS rating and environment credentials; as well as showcasing your building’s focus on sustainability by providing a strong visual environmental statement.
How Do I Get Started?
One of Solar Energy Enterprises’ experienced energy consultants will view your site, analyse your current electricity usage, and make sure a solar PPA suits your current circumstances.
If you would like a free, no obligation consultation on a solar PPA for your business, call us on (02) 8318 4600 or click here to submit an enquiry.
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