The SPPA is designed specifically as a cost-effective solution that works with businesses, government agencies, as well as educational institutions to make savings on energy costs and reduce carbon emissions without any upfront investment. The Grant was developed to offer immediate support. Instead of you actually owning a solar PV system, the concept is that you in fact will be contracted into a lease agreement for the roof space on your building (s). You will then benefit from being able to purchase solar electricity at a very beneficial discounted rate. The SPPA therefore offers a convenient way to benefit from solar power, as Town & Country Renewables will organise and handle all responsibilities related to owning and operating the system, including long-term maintenance and operation. After your lease term (typically 25 years), ownership of the system it then transfers back to you, allowing you to enjoy free solar electricity for the remaining lifespan of the system. It makes a great deal of financial sense.
How Do you start a Solar PPA process?
We promise to not confuse you with jargon or “geek speak”! We will keep everything as simple and straightforward as is possible for you.
- We calculate the viability and possibilities that your roof presents and we will analyse the feasibility of the potential project by gathering as much data as we looking at your current electricity usage and costs.
- Following our calculations we will then present a proposal highlighting the forecasted financial savings as well as your carbon reduction benefits.
- We will then lease the airspace above your roof to ourselves and this is when we will upon agreement enter into a (PPA) Power Purchase Agreement.
- Town & Country Renewables will then install the solar PV system ensuring minimal disruption to your business operations.
- You then will benefit from reduced electricity bills for approximately 25 years, with no maintenance costs and enjoy a worry-free system operation.
- Following a (Standard term) 25 year period, the whole system's ownership then transfers over to your business and will then provide free solar electricity for an further 10 years which is an estimated term and can vary.
Does a Solar Power Purchase Agreement actually benefit my Business?
Moving over to solar electricity can in fact lead to instant savings on energy bills, with rates that will be lower than those charged by your current provider. This move will further enhance your company’s environmental credentials as well as it strengthening the relationships with environmentally conscious customers, suppliers, and employees. The price point of the electricity generated by a solar PV system only increases with the Retail Price Index (RPI), so this in turn will work in tandem to provide a much more predictable calculation to help you’re your budgeting. In addition to this, there are no Insurance or Maintenance costs.Town & Country Renewables will manage the system on a long-term operational and maintenance contract, covering Insurance and all related expenses, at Zero cost to yo! Additionally, if you a worried about the impact on a sale agreement the good news is that the PPA is fully transferable, allowing the agreement to pass to new property occupants if you change locations.
So, to recap, there are zero upfront costs and your commercial solar PV system is wholly funded by our team, enabling you to start saving from day one!