PROCUREMENT

Power Purchase Agreement

What is a PPA?

Power Purchase Agreements are an alternative to traditional finance models. Rather than owning, maintaining and operating a solar system, a business only purchases the power it generates. In its simplest form, a PPA is a contract to purchase energy.

The PPA defines all of the commercial terms for the sale of electricity between a business and Smart. This includes when the project will begin commercial operation, schedule for delivery of electricity, payment terms and buyout schedule. PPA terms are transparent and easy to understand.

A PPA provides all the environmental benefits of solar energy, no operational risk involved in maintaining a system and locked in energy pricing.

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PPAs appeal to those who...

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Want to lock in their energy costs at a fixed rate.

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Prefer an off-balance sheet asset.

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Avoid the long term risk of owning and operating an energy asset.

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Are committed to reducing their carbon footprint.

How does it work?

How PPA works

COMMUNITY FUNDED PPA

Through our partnership with ClearSky Solar Investments, Smart is able to provide a Solar Power Purchase Agreement that connects with local investors.

Contact us today to learn more about how a commercial solar PPA can work for your business.

Let's Talk PPAs

No obligation, simply fill out this form to get the process started, and we'll be in touch.