Power Purchase Agreements
- $0 Down Payment
- Pay For The Power at the Pre-Determined Rate
- Lock in Rates for 20 Years
- Immediate Savings From Day 1
- Solar as a Service is a Simple, Cheap, and Worry-Free
- Insurance, Repair, and Maintenance of the System is Included
- Web Enabled Monitoring at No Additional Cost
- Transfers Easily to New Owners if you Move
Customer Noviak Example
Monthly Utility Bill Pre-Solar: $218
Monthly Utility Bill With Solar: $10
20 Year Monthly: $142
Monthly Savings Year 1: $66
20 Year Savings After Utility Inflation: $59,751
PPA Frequently Asked Questions
How does a Power Purchase Agreement (PPA) work?
With a solar PPA you agree to have a solar system installed on your roof at no cost to you, and to purchase the power your system generates over 20 years at a discounted, pre-determined rate. We own the solar panels not the homeowner, so instead of paying for the system, you pay a monthly fee for the energy your system produces.
What happens after 20 years?
At the end of the 20 year term, you may have the system removed for free, upgrade to a new system and sign a new agreement, renew your agreement for two 5-year terms, or buy the system for fair market value.
What happens if I move?
If you move, you may transfer the agreement to the new Homeowner, buy the system outright, or prepay the expected remaining payments.
Is my monthly payment fixed or does it fluctuate?
Since you only pay for power the system produces, your payments will vary slightly from month to month, depending on the season. Monthly Bill = Monthly kWh production x electricity rate
Do I get to keep the tax credit with a PPA?
No. The solar company buys the system for you, so they get to keep the tax credit.