Solar Power Purchase Agreement (PPA)

Solar Power Purchase Agreement (PPA)

What is a Solar PPA?

A Solar Power Purchase Agreement (PPA) is a long-term contract where a solar provider installs, owns, and maintains a solar system on your property. Your business buys the electricity generated at a fixed rate, usually lower than standard prices, without any upfront costs.

How Does It Work?

1. Assessment & Installation: The provider evaluates your site and installs the solar system.
2. Energy Purchase: Your business uses the generated solar power, paying a predetermined rate.
3. Maintenance: The provider owns and maintains the system throughout the contract, typically 10-25 years
4. Contract Options: At the end, you can extend, buy the system, or have it removed.

Benefits for UK Businesses

– Cost Savings: Lower energy bills with fixed rates.
– No Upfront Costs: Access solar power without initial expenses.
– Sustainability: Reduce your carbon footprint and support the UK’s Net Zero goals.
– Reliability: The provider handles all maintenance and repairs.
– Flexible Contracts: Options to fit your business needs.

Is a Solar PPA Right for You?

If your business wants to cut energy costs and boost sustainability without the hassle of owning a solar system, a Solar PPA is a great option.

Get Started

Contact Lumi-Novo to explore a customised Solar PPA for your business, helping you save money and reduce your carbon footprint.

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