Energy Solutions Financing and Incentives | Enel
Read our blog to learn how to leverage energy solutions financing and incentives to access zero-CapEx on-site solar and storage projects.
In the PPA model, the solar energy system offsets the customer's electric utility bill, and the developer sells the power generated to the customer at a fixed rate, typically lower than the local utility. Below are resources to help you understand third-party ownership financing structures as a means to facilitate your solar project development.
Third-party financing is a well-established financing solution in the United States, having emerged in the solar industry as one of the most popular methods of solar financing. Third-party solar financing predominantly occurs in two forms: solar leases and power purchase agreements (PPAs).
The National Renewable Energy Laboratory's fact sheet provides guidance to universities on the process of using PPAs and how PPAs can make economic sense for campus solar deployment. This document can support university stakeholders charged with the financial planning of campus solar projects.
A solar power purchase agreement (SPPA) is a financial arrangement in which a third-party developer owns, operates, and maintains the photovoltaic (PV) system, and a host customer agrees to site the system on its property and purchases the system's electric output from the solar services provider for a predetermined period.
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