{"id":998,"date":"2023-02-15T11:32:47","date_gmt":"2023-02-15T11:32:47","guid":{"rendered":"http:\/\/localhost\/skylampsolar.uk\/?p=998"},"modified":"2024-02-05T10:05:25","modified_gmt":"2024-02-05T10:05:25","slug":"what-is-solar-power-purchase-agreement","status":"publish","type":"post","link":"https:\/\/www.skylampsolar.uk\/what-is-solar-power-purchase-agreement\/","title":{"rendered":"What Is Solar Power Purchase Agreement"},"content":{"rendered":"\n
At Skylamp Solar<\/a>, we understand the wide range of benefits that solar power can give any business. But we also understand that sometimes it is just too risky to attempt to finance the installation of a solar PV system<\/a> yourself.<\/p>\n\n\n\n But this doesn't mean that your business can't benefit from solar power. Entering a solar power purchase agreement (solar PPA) can give you all of the benefits of solar power without any of the upfront costs or risks.<\/p>\n\n\n\n Let's take a look at how solar power purchase agreements work and why they could be the perfect option for your business.<\/p>\n\n\n\n A power purchase agreement (PPA) is a financial arrangement between you and a solar PV system (or another green electricity generator) installer. It can come in a few different forms but the most common agreement is that the installer pays entirely all of the upfront cost involved in installing solar panels on your roof space.<\/p>\n\n\n\n In return, they will sell you electricity generated from the solar panels at a rate that is lower than the price you would pay buying energy from the National Grid.<\/p>\n\n\n\n It is almost always a long-term lease, between 10 and 25 years. During this period the installer, and not you, are entirely responsible for the repair, operation, and maintenance costs associated with the solar PV system<\/a>.<\/p>\n\n\n\n At the end of the lease, you will usually get to keep the system for the duration of its life. This is usually another 10 to 20 years, during which time you will be able to get free solar PV electricity.<\/p>\n\n\n\n <\/p>\n\n\nWhat Is A Solar PPA?<\/strong><\/h2>\n\n\n\n