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What is a PPA?
A Power Purchase Agreement, or PPA, is a long-term contract to buy power from a specific energy provider. Solar PPAs are agreements between a provider and a customer to purchase on-going solar power at a long-term rate, usually equal to or less than market rates. Solar PPA providers install and maintain solar facilities on customer rooftops or properties. As a solar PPA customer, you pay for solar power—not solar equipment or installation—greatly reducing the risk and complications of implementing a solar energy solution.
On September 4, 1882, the Edison Electric Illuminating Company’s one-generator facility delivered the first electricity to 800 light bulbs in homes and businesses. Within 14 months, Edison Electric had 508 subscribers and was lighting up 12,732 bulbs.
