As of 31 January 2022, more than 3 million rooftop solar PV systems have been installed across Australia. source
The average price Victorians are paying for their solar systems is increasing, but that’s not just because prices are going up, but because they’re investing in bigger systems as more of us choose to make our homes and businesses as self-sufficient as possible.
Many more Victorian businesses want to install a solar power system, but may not have the free capital to do so right now. ie. they don’t have the cash to pay for the upfront costs.
We wanted to highlight another option to pay for a solar power installation for your business that is available to Victorians – a Solar PPA.
Solar PPA stands for a Solar Power Purchase Agreement and we’re going to explain what it is and if it would be a good option for you.
What is a solar PPA?
A Solar PPA is an arrangement where the landlord partners with a third party that installs a solar energy system and provides a PPA. This PPA supplier then sells that electricity to the occupier or tenant of the building at an agreed-upon, much lower rate than from the grid. It benefits the occupier with cheaper electricity and the energy supplied is “green energy”.
The PPA provider is responsible for the design, installation, operation, and maintenance of the solar energy system.
It’s similar to paying for your existing energy demands from a traditional energy supplier but a solar PPA is usually a cheaper rate than grid-sourced energy.
How does a Solar PPA work?
There is no capital outlay, meaning there are no upfront costs for your business.
Energy Makeovers are proud to offer Solar PPAs, so you can speak with one of our Solar Experts to decide on a solar energy system (and battery, if applicable) that’s right for your business (we currently service businesses) and agree on a low solar contract rate. There are flexible contract periods available, so you can select one that works for your business.
Once the solar energy system is installed you’ll pay for the solar power your system generates at the agreed-upon low energy rate.
Is Solar PPA worth it?
This is like asking if solar power is worth it, for your business. The benefits of solar power for a business are incredible:
- Carbon-neutral energy supply
- Renewable energy
- Clean energy
- Cheaper energy (free once your Solar PPA is complete)
- Positive PR
- Less/No demand for grid energy means fewer/no energy blackouts
A Solar PPA provides all the benefits of solar energy without the need for capital investment.
The sooner you install a solar energy system, the less you have to pay for your energy supply. By taking up a Solar PPA you can get this done sooner rather than later if you don’t have the capital available for the initial investment.
If you’re interested in a solar power energy system for your business, check out our commercial solar page for more information or give us a call 1300 788 776.
What is a solar PPA?
A Solar PPA is an arrangement where the landlord signs over the rights to their roofspace to a third party who installs the solar energy system. The supplier then sells that electricity to the occupier of the building at an agreed-upon, much lower rate than from the grid. It benefits the occupier with cheaper electricity and the energy supplied is carbon free.
Is a solar PPA worth it?
A Solar PPA provides all the benefits of solar energy without the need for capital investment.
