Find out what a Power Purchase Agreement means for you.
PPA – Power Purchase Agreement
PPA (Power Purchase Agreement) gives you a free, fully maintained solar PV system. The solar is installed on your roof for 20 to 40 years, allowing you to purchase electricity at a price that is up to 50% cheaper than your current energy supplier.
When you consider solar for your business, the costs of purchasing a system outright will often give you the best returns, though raising the funds for the initial outlay can be a concern.
A PPA means your system is provided and installed at zero cost to you. Any generated electricity that you use is then purchased at a pre-agreed cost from the financing partner. This will be lower than your current electricity provider, meaning you save money on your electricity costs.
What are the benefits of a PPA?
As mentioned, there are no costs to yourself other than the purchase of electricity you generate every month. Prices we charge will never exceed what you pay from the grid. This allows you to save money on your energy bills and protected from rising electricity prices.
Also, there is no responsibility from you for the operation of the system. The maintenance and costs are associated with REST and all costs are covered by us.
If you look longer term, the PPA contract can be transferred if the building is sold. New owners will continue to benefit from cheaper electricity and reduced bills.
Is my roof suitable?
A qualified surveyor will conduct detailed analysis of your roof size, pitch, type and orientation. Additionally, they will assess your current electricity pricing and bills to ensure you are suitable candidate for PPA.
Also, for PPA to be considered, your roof needs to have enough roof space for a minimum system size of 30 kWp (approx. 120 panels) that is not affected by shading. We also recommend that your building uses a half-hourly electricity meter and an EPC (Energy Performance Certificate).
How does it work?
Once we have assessed the suitability of your property for PPA and gathered data about your energy usage, if an agreement looks likely, we will make an offer to lease your roof in addition to a proposed electricity tariff rate. Giving you instant savings on your future bills.
With your agreement in principal, we will attempt to secure any permissions which may include planning or gird connection.
You will then sign an official PPA agreement with REST Ltd. to lease the roof space, should the required permissions be accepted. We will then install the solar PV system, designed by our highly skilled in-house technical & design team.
Once the installation is complete you will benefit from reduced energy bills for the length of your agreed term. You will not incur any fees for maintenance for the entire agreement. At the end of the term, the system is then gifted to the landlord to enjoy continued use and maximum benefit of free, green electricity generation.