Why a Solar PPA is an Excellent Choice for Your Business
Investing in a commercial solar power system can offer your business a range of benefits; a commercial solar system significantly reduces electricity costs, it can cut business risk moving forward, and it will improve your sustainability rating.
However, the upfront financial costs of a commercial solar PV system are a barrier to many businesses choosing to invest. To help make solar accessible to all businesses, Infinite Energy is proud to offer a range of financing solutions including solar PPAs.
What is a PPA?
A Solar Power Purchase Agreement (PPA) relieves the need for your business to provide any upfront capital in accessing the benefits of solar power. With an Infinite Energy Solar PPA, Infinite Energy takes on full ownership and maintenance of the solar system on your roof.
You only purchase the electricity generated by the solar system at a rate that is often much cheaper than your current daytime energy rate. In some cases, your solar tariff can be as low as 13c per kWh. When you sign up with Infinite Energy for grid-supplied electricity and a solar PPA you will receive a single monthly bill for all your electricity.
Pay $0 Upfront for the System
With a Solar Power Purchase Agreement or PPA, a Solar PV System will be installed for $0 upfront. This means you can start saving from day one, without any capital investment.
At the end of the agreed term, your business will own the system and benefit from all the free energy your solar system produces.
No Maintenance Fees
Infinite Energy will own, maintain, and operate the solar system for you for the length of the PPA term, so you don’t have to worry about the hassle of any maintenance or potential faults.
The responsibility of all maintenance lies with Infinite Energy, and because we only receive payment for the electricity your solar PV system generates, it’s in our best interest to ensure your solar PV system is always working to peak performance.
Secure a Low Rate
Choosing a PPA allows you to secure a controlled electricity rate for your business, which can be significantly cheaper than your current daytime rate.
With term options of 7, 10 and 15 years common, choosing a solar PPA can give your business electricity price certainty for years to come, protecting you from any grid electricity price increases and enabling your business to make more informed budgeting decisions.
Additional Benefits of Solar
In additional to all the financial benefits of a PPA, your business will also reap all the benefits of solar, including improved energy efficiency due to roofing insulation; increased NABERS rating and environment credentials; as well as showcasing your building’s focus on sustainability by providing a strong visual environmental statement.
How Do Solar PPAs Work?
Applying and securing PPA can be completed in just five easy steps.
- Step 1
One of Infinite Energy’s experienced energy consultants will visit your site, analyse your current electricity usage, and make sure a solar PPA suits your current circumstances.
- Step 2
Choose a contract period that suits your business. 7, 10, and 15-year terms are common.
- Step 3
Enter into a solar power purchase agreement and secure your new low rate.
- Step 4
Infinite Energy will project manage and install the solar system at your site.
- Step 5
Start buying cheaper power and enjoy savings from day one!
For a free, no obligation consultation on a solar PPA for your business, including your potential rate, please call us on 1300 074 669, or click here for a no obligation call-back.