Commercial Solar Power Purchase Agreements (PPA)
Immediate bottom line savings on energy costs and carbon emission reductions for no upfront cost.
Solar PV Power Purchase Agreement
Solarsense has partnered with the UK’s leading financial institutions to provide business customers with a free, fully maintained solar PV system via our power purchase agreement (PPA).
We will fund the entire installation of your commercial solar PV system allowing your business to reap the benefits of solar PV whilst preserving your capital. Use our capital today to start your clean energy journey and sometime down the line, when the timing is right, buy the system back from us – if you choose.
What is a PPA?
A solar power purchase agreement is a financing arrangement that allows businesses, government agencies and educational institutions to purchase solar electricity with no upfront capital cost. You rent your roof and buy the discounted solar electricity rather than investing in a solar PV system of your own.
A PPA offers an effective means to reaping the benefits of solar PV without having to take on the responsibilities of being a solar system owner-operator. A PPA also satisfies companies that prefer to reinvest their funds into core businesses activities.
Underpinned by long-term, proactive operation and maintenance activities, we ensure your system performs in line with expectations and delivers the forecasted savings not just today, but for at least the next 25 years.
How a solar PPA works
Keeping the process simple, transparent and hassle-free.
- We assess the potential of your roof and gather data regarding your current electricity usage and pricing
- We provide you with a proposal demonstrating the financial savings and carbon reduction forecasts
- You agree to lease the airspace above your roof to us and enter into a Power Purchase Agreement (PPA)
- We install the solar PV system with minimal disruption to your business
- You enjoy reduced electricity bills for c.25 years with no maintenance costs and worry-free operation of the system
- After 25 years, ownership of the system transfers to you to enjoy free solar PV electricity for the remainder of the system life – c. another 10 years
Long-term cheaper electricity
Government data indicates that average electricity prices in the industrial sector are rising by 5.04%* per annum. That equates to your bill doubling every 14 years.
No upfront costs or ongoing fees means that opting for a power purchase agreement your business will begin to make savings from day one and continue to benefit for the full term of the agreed term. Once the agreed term ends, ownership of the system transfers to you and your business can enjoy free solar electricity for the remaining life of the system (c. 10 years +).
*Data provided by DBIS, National Statistics and OBRR
BENEFITS AT A GLANCE
How can a solar PPA agreement benefit my business?
Zero upfront cost to your business
Your commercial solar PV system is entirely funded by us so you start saving from day one
Immediate savings on electricity bills
Solar electricity is purchased at a much cheaper rate than is available from your current energy provider
Zero cost ‘green’ credentials
Improve your company’s environmental responsibility and enhance relations with green thinking customers, suppliers and staff
No maintenance or insurance costs
We proactively manage the system under a long-term operation and maintenance contract, including the provision of insurance cover, all at no cost to you
Long-term protection and forecasting
The unit price you pay for electricity generated by the solar PV system will only rise in line with RPI, allowing you to budget more effectively
Fully transferable agreement
The PPA can be transferred to new occupants of the property should you move to new premises
Who can benefit from a solar PPA?
Solar power purchase agreements are increasingly popular amongst businesses across the UK, as a way to affordably access solar energy without the capital investment.
Many high-profile companies are now choosing solar PPAs to supply their energy needs, as PPAs are particularly advantageous for businesses with high energy consumption. PPAs are also beneficial for companies that own or have long-term leases on their premises, especially those with significant roof space.
For companies with multiple sites, a solar PPA is an excellent low-risk opportunity to trial solar at one location, and then, should the results be favourable, you can scale the system across additional sites without scaling the installation costs.
What requirements should be met for a solar PPA?
Your business’s electricity demand profile must be sufficient, consistent, and time-matched for the solar-generated electricity to be well-suited. For example, a manufacturing plant where its highest demands are during daylight hours.
You must also have a physical location with the ability to host the solar panel system on-site or near-site. Depending on the roof configuration, one square metre will be required per kW of solar PV capacity.
Your business premises must also have a good connection to the local distribution grid.
Why choose SolarSense for your solar power purchase agreement?
Here at SolarSense, we are experts in designing and installing solar panel systems across the UK. With years of experience in renewable energy, we’ve worked with businesses across various sectors and industries. We will ensure that your solar PPA fits your requirements and energy usage, whilst providing you with comprehensive support and monitoring to keep your system performing at its best.
We have a proven track record of working with significant businesses across the UK, helping them to achieve financial savings and boost their green credentials.
Our Clients
Get started with a solar power purchase agreement today
If you are interested in how we can help your business save on energy costs and reduce carbon emissions without the upfront costs, get in touch with the SolarSense team today. We’ll help make the transition to greener, cleaner energy simple and will guide you through each step of the process.
Everything you need to make an informed decision
What happens at the end of your solar power purchase agreement?
At the end of your contract term, you will be able to decide whether to extend the agreement, purchase the system, or have the system removed.
Will my business be eligible for a solar PPA?
Most business properties with sufficient roof space or land will be eligible for a solar panel system. At the start of the process, we will carry out a full site assessment to ensure that your premises is suitable.
Will I need to cover maintenance or operational costs?
No, all maintenance, monitoring and operational costs will be covered as part of your power purchase agreement.
Is a purchase power agreement a good way to meet business sustainability goals?
Choosing a solar PPA is a great step towards achieving your business’s sustainability goals. A solar panel system will lower your carbon footprint and help you to run a more sustainable business without having to factor in the upfront costs.
Is a solar PPA right for my business?
Solar PPA is a good choice if you want a solar panel system but don’t want to face the upfront costs, or if you are looking for more predictable electricity costs.
What is the retail price index?
The Retail Price Index (RPI) is how the Office for National Statistics measures inflation. This measures the change in the cost of retail goods and services. Therefore, this RPI influences the annual escalation rate within a solar PPA.