A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at no cost. The developer sells the power generated to the host customer at a fixed rate that is substantially lower than the local utility’s retail rate.
A fixed rate has no yearly escalator so it stays the same over the term of the agreement. The flex rate will have a yearly escalator between .99% – 3.59%
You will receive a much lower starting rate. This front-loads the savings instead of over the full term.
Only if you have cash and you understand the risk of battery failure after the 15 year warranty. If you are going to finance the solar system a PPA is better. Click the button below for a comparison.
Typical turn around times are 4-6 weeks.
With a PPA it is not required. Your solar proposal has a built in soiling factor that takes into account real world conditions. You may clean them for cosmetic reasons or to get a little more power.
Please contact RateLock Energy for any general questions. For system or billing questions you will contact GoodLeap.