That's the basic promise of a power purchase agreement (PPA). The concept is simple: A solar company installs and owns the system on your property. No ownership, no maintenance, immediate. A Solar Power Purchase Agreement (SPPA) is a financial arrangement in which a third-party developer owns, operates, and maintains the photovoltaic (PV) system, and a host customer agrees to site the system on its property and purchases the system's electric output from the solar services provider. Solar power purchase agreements, often called PPAs, are a solar financing option that allows you to get solar panels that will reduce your electricity bills installed on your roof for $0 upfront in exchange for monthly payments. That almost sounds too good to be true — there has to be a catch. What is a solar power purchase agreement? A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer's property at little to no cost. Federal tax credits and rebates are ofered, but you must qualify or them.
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