Solar PPA

A solar Power Purchase Agreement (PPA) is a financial agreement where TWE arranges for the design, permitting, financing and installation of a solar power system on a customer’s property at no cost. TWE sells the power generated to the host customer at a rate 40-50% lower than the local utility’s retail rate. This lower electricity price serves to offset the customer’s purchase of electricity from the grid while TWE receives the income from these sales of electricity as well as any solar credits and other incentives generated from the system. PPAs can range anywhere from 5 to 20 years with TWE remaining responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA contract term the customer can extend the PPA, have TWE remove the system, or choose to buy the solar power system from TWE at a fair market price. PPA essentially offers customers a ‘pay as you go’ model with discounted energy rates.