A Solar Power Purchase Agreement (SPPA) is a smart financial solution where a third-party developer takes charge of owning, operating, and maintaining the photovoltaic (PV) system. Meanwhile, a host customer provides the space for the system on their property and commits to purchasing the system's electric output from the solar services provider for a predetermined period.

This arrangement offers numerous benefits. Host customers enjoy stable and often low-cost electricity, while the solar services provider or another party gains valuable financial advantages, including tax credits and income generated from selling electricity.

Operating under the "solar services" model, this framework lets the host customer access the services generated by the PV system rather than owning the system outright. Developers offering SPPAs are known as solar services providers.

SPPAs streamline the process of adopting solar energy, removing typical barriers such as high upfront costs, performance risks, and complex design and permitting procedures. Moreover, SPPAs can bring positive cash flow to the host customer from the moment the system goes live.

Unlock the potential of solar energy today with a Solar Power Purchase Agreement.