Why PPA's are the perfect solution for Business's Looking to Fund Solar

Solar Funding with Power Purchase Agreements

Name: brightedgesolar
Address: 1 ferry lane, Woodmansey, Beverley, HU17 0SE, GB
Telephone: 01482 765063
Price range: $$$

At BrightEdge Solar, we specialise in designing and installing high-quality solar arrays for businesses. One of the significant advantages of choosing us is our collaboration with competitive PPA (Power Purchase Agreement) providers. These PPA providers can offer funding and a competitive rate fixed for 25 years, making it easier for businesses to invest in solar installations without the upfront costs.

Why Fund Your Solar With a Power Purchase Agreement

Why PPA's?

Choosing a Solar PPA (Power Purchase Agreement) offers numerous benefits for businesses looking to adopt renewable energy solutions. A PPA for solar allows businesses to switch to solar power without the hefty upfront costs typically associated with solar installations. Instead, the solar system is funded by a lender, and the business pays a fixed or index-linked amount for the energy produced over a 25-year period.

This arrangement provides financial predictability and sustainability, making it an attractive option for many companies.

How do Power Purchase agreements work

How does a PPA work

A PPA agreement for solar is a financial arrangement where a third-party lender finances the installation of a solar power system on a business’s property.

The process begins with an assessment and design phase, where we evaluate your energy needs and designs a suitable, bespoke solar system to offset energy import and self-consume as much solar energy as possible

After the design phase, our lender evaluates and funds the installation and maintenance of the solar panels, ensuring they operate efficiently throughout their lifespan.

Once the solar system is installed, the business agrees to purchase the generated solar energy at a predetermined rate, which can be either fixed or index-linked, for the duration of the agreement, typically 25 years.

This setup allows the business to benefit from reduced energy costs and price stability, while the lender recoups their investment through the energy payments made by the business.

Why Fund Your Solar With a Power Purchase Agreement

The benefits of PPA's for businesses

Opting for a PPA solar solution provides several additional advantages. First and foremost, there are no upfront costs involved, as the solar system is fully funded by the lender, eliminating the financial barrier to entry. This is particularly beneficial for businesses that may not have the capital to invest in solar infrastructure upfront.

Another significant advantage is the predictability of energy costs. With a solar PPA, businesses can lock in their energy rates, protecting against future increases in electricity prices and allowing for better financial planning. Additionally, the lender typically oversees the maintenance and performance of the solar system, ensuring it operates at peak efficiency without burdening the business with additional responsibilities.

Furthermore, implementing a PPA for solar helps businesses achieve their sustainability goals by reducing their carbon footprint and reliance on fossil fuels. This not only contributes to environmental conservation but also enhances the company’s reputation as a green and forward-thinking organization. Lastly, installing solar panels can increase property value, making it a wise long-term investment.

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BrightEdgeSolar LTD is an Introducer Appointed Representative (Financial Services Register No. 1006542) of Phoenix Financial Consultants Limited (Phoenix). Phoenix is a credit broker, not a lender. Phoenix is authorised and regulated by the Financial Conduct Authority (FRN: 539195), and offers finance from its panel of lenders. All finance subject to status and credit checks.