As solar energy continues to grow for businesses, municipalities, schools, warehouses and manufacturing facilities, it now offers a more affordable and efficient way on reducing energy costs. Through QFB Energy and our solar energy partners, organizations can take advantage of solar energy and its numerous benefits, such as price savings and reaching sustainability goals.
The most price-efficient method for organizations to go solar is through a Power Purchase Agreement (PPA). Through a PPA, your chosen solar provider pays for the solar system's installation and owns it for the term of the agreement. The organization is then able to procure electricity from the system through a fixed-price contract ($/kWh) at a rate that is lower than utility pricing. Federal and state incentives can help reduce retail electricity rates for organizations. PPA solar agreements last for a predetermined period (generally 20 years) during which the fixed rate allows organizations to plan their energy budget many years ahead, as well as save money during price spikes in the retail electricity market.
A PPA also makes solar easy to adopt. Through a PPA, your chosen solar provider builds and maintains the system, eliminating any potential construction or upkeep headaches. In addition, your solar provider handles the financing of the system, including the utilization of the tax credits involved with the project that many customers are not well-positioned to monetize, maximizing the financial efficiency of the solar system to reach the lowest energy rate possible
Contact QFB Energy to learn more about how the solar energy program works.