Simply a Solar PPA is an agreement to purchase power at a fixed price for a fixed period of time. With Solar PPA agreements you don’t purchase the solar electricity system you only purchase the power it produces. Solar PPA’s are very popular in the USA and are becoming more common in New Zealand. PowerSmart installed the first Solar PPA in New Zealand at Yealands Winery in Blenheim in 2013.
If your business is a consistent year round user of electricity, solar PPA’s are often a great way to reduce your electricity charges over the longterm and at the same time increase your sustainability. All this without any reduction in production or service.
PPA is an abbreviation for Power Purchase Agreement. PowerSmart GOLD is our version of a solar PPA.