Enquiry Residential
Power Purchase Agreement
What is a Solar PPA?
A Power Purchase Agreement (PPA) is a financial arrangement in which the homeowner or business owner does not own, operate or maintain the solar power system, but all these are taken care of by a third party (Start Solar). The establishment only provides the space on the roof or anywhere else on the property for the installation of the commercial photovoltaic system and buys the electricity from the third party for a specified time. This is a win-win situation for both the organisation and the third-party provider – the organisation receives a steady flow of electricity, often at a lower cost and the service provider receives the government credits and the income generated from selling electricity to the user.
A solar PPA releases the end user from the traditional barriers when purchasing the PV system. These barriers include: the cost of purchase and installation; the risk of low system performance due to unforeseen environmental factors, and other barriers. The user would receive a steady flow of electricity at a reduced rate without the maintenance hassles.
For organisations, the solar PPA translates to maximum returns with no outright cost and negligible risk. It is a great solution to the power problems without investments and the financial burden of installing and maintaining the PV system. In addition, the user is also able to predict safely and accurately energy costs, thus able to manage their budget with more ease and precision. The Solar PPA is customised to suit the needs of the user, making it an even more attractive proposition.
We would own and operate the technology associated with the PV system, which would include the monetary portion along with the design and installation. The user would need to agree on a time-period for when this system would be installed on their premises and would buy the generated electricity from Start Solar, at a rate that would be pre-agreed. The user would gain all the benefits mentioned but most importantly would get electricity at a fixed price, which would safeguard them from any price volatility in the future.
Benefits of a PPA
No upfront and recurring costs required for installation, servicing and maintenance of the system. The user saves these amounts, which can be used for other purposes and still get uninterrupted and lower cost electricity from the ‘start’.
The entire PV system is maintained and serviced by Start Solar for the duration of the PPA. The user has no cost or hassles associated with these factors.
Despite any rate fluctuations (the trend has been going upwards), the user pays a pre-agreed fixed rate to us saving them from any unforeseen rise in electricity costs. The user pays only for electricity consumed by their establishment and not for any excess generated by the system.
Being seen as a ‘green’ / environment friendly establishment attracts the right kind of attention with more investors, customers, employees and other stakeholders willing to be associated with your company. This would in turn enhance profits and market reputation for your company.
In addition, the installation of the PV system has no impact on the business operations but instead increases the value of the building.
How do I get a solar PV system installed for my business?
1. Contact Start Solar via our telephone number, drop us an email or submit an enquiry through the website. From there, one of our experienced team members will get in touch and set up a meeting at the business premises. We will sit down with you at your business, analyse your energy bills and site location and determine the most efficient and effective commercial solar panel system.
2. Our experts will provide a comprehensive tailored proposal for your business, with customised performance figures, payback calculations and ROI figures over the life of the system.
3. We organise commercial finance (if available) through one of our commercial partners. In most cases, you are able to save more on your electricity bill per month than your monthly payment for the system. This means you are Cash Positive from the start.
4. Start Solar will liaise with your electricity distributor and manage the solar pre approval application on your behalf.
5. Once the pre approval has been granted, we arrange for the equipment to be delivered to site and installed by one of our commercial installation teams. Our commercial solar panel installations will create minimal if any impact to your business and we will work around you to ensure this.
6. Once the system is fully installed and the inspection has taken place. We will liaise with your electricity retailer to organise grid connection and meter configuration.
7. Once your commercial solar panel system is successfully connected to the grid, we will work with our commercial partners to ensure you get the best electricity deal for your business. Our commercial partners are the best in the business and have many years experience in the electricity brokering industry. Start Solar are able to offer our clients the full package to ensure they are getting the most potential from their solar system and maximising their savings.
You are now on your way to enjoying the benefits of lower electricity costs combined with reducing your carbon footprint. In addition, you also get free system insurance, repairs and monitoring.
Enquiry Residential
Company
Information
Address
Unit 4A
Brookfield Industrial Estate
Peggys Loaning
Banbridge BT32 3AP
United Kingdom
Tel: 028 9202 7079