Commercial Financing

A Financing Vehicle Created Especially for Solar Power Buyers
Many companies and government entities are choosing to go solar through a recent financing mechanism known as a power purchase agreement or a PPA. A PPA is a long-term agreement to buy power from a separate company that finances and owns the solar system and then sells the end-user the electricity generated by the system.

REC Solar’s PPA partners use their own funds to finance the installation of a solar power system for your facility. The same PPA partner maintains and operates the solar power system, typically for 15 years or more.

In purchasing, operating and maintaining the solar system, the PPA partner assumes all the risks and responsibilities of ownership. At the end of the PPA term you can either purchase the solar system at fair market value or extend the PPA.

With a PPA you reap all the advantages of going solar, from lower electricity costs to public relations benefits, while conserving precious capital for other needs and opportunities.

 

PPAs at a glance: Third-party financing company purchases a solar electric system for your facility, then charges you for the electricity generated. No up-front capital required. No maintenance work or risk. You secure a long-term contract for power, often below current utility rates. Stabilize an operating cost that was once highly variable. Fixed electricity rates are a hedge against rising energy costs or spikes.