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How PPAs – purchase power agreements – work

August 13, 2014

A current map of the U.S. shows an odd fact: that the number of solar kilowatt hours being produced by state does not correlate where the sun shines the most. This reveals where states incentivize solar energy and, to a lesser extent, where the value of solar is higher compared to traditional energy sources. That aside, what is truly exciting about the development of photovoltaic energy everywhere is how such financial arrangements that include purchase power agreements (PPAs for short) are making solar viable for anyone with a substantially

 

 

 

 

 

 

 

 

 

 

sized roof. My article on GreenPower Developers in Howell, New Jersey outlines how that works – particularly when a roof owner does not want to bear the upfront costs of PV panel purchases and installation.

 

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Russ Klettke

Business Writer