A Power Purchase Agreement (PPA) allows a business or non-profit organization to go solar without any capital investment.  A PPA is a long term agreement to buy electricity at a pre-determined rate from a third party financier. In a PPA, the financier will develop a solar energy system on the client’s roof, parking lot, or acreage, at no out-of-pocket cost to our client, and then sell power to the client at a price generally lower than the local utility rate.  As the financier can take advantage of government rebates, grant programs, tax credits and depreciation that the client may not qualify for on its own, this allows the client to lower their cost for solar electricity.

With a PPA, you –the client–pay only for the solar electricity produced for your use each month, and purchase any remaining power needs from the utility company. The combination of your solar PPA payment and smaller electricity bill is typically less than what you pay the utility company now. As utility rates continue to rise, your savings will grow each year.

Terms for PPAs are usually 15-30 years. Under a PPA,  you pay only for the power produced, not for the installation, maintenance, or repair of the solar system.

Energy Systems Hawaii offers PPAs to suit a wide-range of client needs from small to large business to non-profits.  We install and own the equipment and our service team continually monitors and maintains it to ensure that it is performing as it should.