SolarCity Introduces Power Purchase Agreement Program For Small PV Systems

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SolarCity has unveiled a power purchase agreement (PPA) offering designed to allow small- and medium-sized businesses, churches and schools to adopt solar power for no money down and pay less than they previously paid for electricity.

The SolarCity PPA allows organizations to lock in predictable electricity rates to protect themselves from rising energy costs, says SolarCity. Under the PPA, the company provides financing, design, installation, monitoring and maintenance.

While PPAs have typically been used to finance massive solar farms, SolarCity's PPA can finance commercial solar systems as small as 20 kW or up to 1,000 kW or more, with generating capacity suitable for organizations of many different types and sizes.

SOURCE: SolarCity

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