Solar Project Finance

What is the one thing that all solar projects need? Financing. This is a two edged sword, though. On the one hand, having your own solar installation allows your company or organization to go green and save on monthly utility bills. But, it also requires you pay tons of money up front and, most of the time, go into exorbitant debt with traditional solar project finance options to make the purchase. This can negate any benefit you recieve in monthly utility bill savings.

Another major struggle with most solar project finance options is the added cost of maintaining the solar panels and fixing any broken panels/power lines. These costs can add up to the same price as the initial install over the life of the solar project.

The best solar project finance option is a Power Purchase Agreement (PPA).

What is a Solar Project Finance PPA?

Solar Project Finance PPAs are agreements between a provider and a customer to purchase on-going solar power at long-term rates. Solar Project Finance PPA providers install and maintain solar facilities on customer rooftops or properties. Customers pay only for the power generated by the facility—not solar equipment or installation—greatly reducing the risk and complications of implementing a solar electricity solution.

How Does SurePath™ Help Me Get Solar Project Finance?

A SurePath™ Solar Project Finance PPA, or Power Purchase Agreement, is a long-term agreement between Tioga Energy and a customer to provide solar electricity at guaranteed long-term rates. Tioga provides the design, financing, maintenance and support for all elements of the solar electricity system, including management of rebates and other government financial incentives.

Since a SurePath™ Solar Project Finance PPA has only one cost associated with it, your company will be able to save money over the course of the contract. Because the electric rate never goes up, your relative cost will go down. This allows almost any company to save.

A SurePath™ Solar Project Finance PPA includes:

• Design: Each solar installation is designed and optimized for your facility and operations needs.
• Construction: Tioga engineers the system and buys and installs all system components eliminating any need for you to make capital investments or manage multiple contractors.
• Ownership and Maintenance: Tioga provides all necessary maintenance, upgrades and repairs so you can concentrate on your business—not on becoming a solar energy expert. And as the owner, Tioga provides insurance on the system.
• Incentive and Tax Credit Management: Tioga completes and tracks all filings for tax credits and government incentives.
• Metering and Billing: Tioga meters solar electrical output for individual systems and bills monthly for the energy produced.
• REC Dispatch: Tioga will manage the distribution of Renewable Energy Credits as agreed upon in individual PPAs.

To download the free SurePath™ data sheet, click here