C26 offers solar Power Purchase Agreements (PPAs) as a turnkey option for procuring solar energy. These agreements enable businesses, governments, and communities to embrace cheaper, renewable energy without the burden of upfront costs, making a sustainable future more accessible.
Solar PPAs have been around for longer than you may think Solar PPAs were introduced in the late 1990's due to the 1973 oil crisis in the United States, forcing them to look into alternative energy options. They first gained popularity in the early 2000's.
There are zero upfront costs When entering a solar PPA there are no upfront costs. Typically we offer discounts of 10% or more vs. existing utility electricity rates!
PPAs work under fixed energy prices Solar PPAs offer protection against fluctuating energy prices since the cost of electricity is fixed for the duration of the agreement. This stability provides peace of mind for businesses who are struggling with constantly inflating and unpredictable energy bills.
Companies can gain a level of energy independence Solar PPAs empower customers by helping them become more energy independent, allowing them to generate their own electricity through on-site solar panels and generators. This provides companies with insurance against potential disruptions in the grid and blackouts.
Panels produce energy without direct sunlight Many people are concerned their solar panels won’t produce any energy in the fall and winter when the sun is out less frequently. In reality, even on a cloudy day, solar panels can generate anywhere from 30-50% of their full potential, and in extreme conditions like heavy rain, about 10-20%.
Solar PPAs are both flexible and scalable PPAs are great options for companies of all sizes because the agreement can be tailored to fit the needs of any company. As your company grows larger, the agreement can be amended to increase the power generated on-site as well.
Lower risk for your business There is little to no risk for the business consuming the electricity because the solar provider owns the system and is responsible for maintaining and operating. This means if you entered a PPA, you can be sure the solar panels will operate consistently.
Solar PPAs could increase the value of a property Solar panels usually increase the value of a property. When a building is sold, the new owners will inherit the benefits of the discounted electricity.
If you want more information about what a solar PPA is and how it works, you can visit our in depth blog post: What is a Commercial Solar PPA and What Are The Advantages?
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