For most companies, electricity is a cost that you have very little control over in terms of what you pay. However, with solar generation and our PowerSmart GOLD offering, there is a radical alternative where you can fix your electricity rate for a portion of your electricity bill for up to 20 years.
PowerSmart GOLD (PPA or Power Purchase Agreement) is an agreement that allows companies to pay for locally produced renewable electricity at a fixed rate for up to 20 years. For many companies, the rate they will pay for their electricity is going to be less than what they are currently paying and this difference will only increase if power prices continue to rise as they have historically done.
How Does PowerSmart Gold Work?
PowerSmart GOLD builds a solar power system on the roof of your company. The system is owned and maintained by PowerSmart, which then sells any electricity that is generated to your company at the agreed rate. The benefits of this are: