Corporations signed deals on more than 2.8 Gigawatts (GW) of solar in 2018, shattering the 1.8 GW of cumulative corporate solar installations in all years preceding. More and more businesses realize the opportunity to save money on their electricity while achieving their sustainability goals through solar.
Power Purchase Agreements (PPAs) have helped revolutionize solar energy in the last decade by eliminating the need for a large, upfront investment and providing customers price certainty for electricity Sol Systems finances, constructs, and provides maintenance for the system under a PPA. The electricity is sold to the business at an agreed-upon, fixed rate that locks in electricity prices over the length of the agreement (15-25 years) that are often lower than retail rates. PPAs offer businesses energy savings, price certainty, and a huge step towards any business’ sustainability goals.
Solar is viable on numerous rooftops, opens pieces of land, and parking lots.