SolarCity has unveiled a power purchase agreement (PPA) offeringdesigned to allow small- and medium-sized businesses, churches andschools to adopt solar power for no money down and pay less than theypreviously paid for electricity.
The SolarCity PPA allowsorganizations to lock in predictable electricity rates to protectthemselves from rising energy costs, says SolarCity. Under the PPA, thecompany provides financing, design, installation, monitoring andmaintenance.
While PPAs have typically been used to financemassive solar farms, SolarCity’s PPA can finance commercial solarsystems as small as 20 kW or up to 1,000 kW or more, with generatingcapacity suitable for organizations of many different types and sizes.
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