The ABCs of Solar PPAs for Public Sector Entities
Dylan F. Borchers.
Bricker & Eckler.
In the past ten years, the cost of a solar panel installation has fallen by over 60 percent. As a result, onsite solar power has become an increasingly attractive way for consumers to manage electric costs and achieve sustainability goals.
Many of Bricker & Eckler’s public sector clients have been approached by solar developers over the years about signing a power purchase agreement (PPA). Developers promise to provide electricity at a fixed or reduced cost with no up-front payment, financing, construction or maintenance burdens. Is it too good to be true, they ask? Maybe not.
PPAs are a strong and viable tool when structured effectively. A PPA can enable municipalities, schools, townships and other political subdivisions to benefit from renewable energy while minimizing up-front expenditures and outsourcing operation and maintenance costs. Additionally, a PPA provides a predictable electricity cost over the term of the contract, often a period of 15-25 years. But political subdivisions need to carefully weigh all of the options and risks before moving forward.
For more information on The ABCs of solar PPAs, click HERE
PORT AUTHORITY TO RECEIVE $3.5 MILLION STATE GRANT One-Time Strategic Community Investment Fund Grant to Support Airport Infrastructure
(Wilmington, Ohio) The Clinton County Port Authority is one of several entities in the State of Ohio that will receive funding from a unique, one-time $700 million fund established by the Ohio General Assembly. The One-Time Strategic Community Investment Fund (OTSCIF)...
Ottawa County $1.5M to Expand Workforce Programs
Ottawa County Receives $1.5 million to Expand Workforce Programs This week, the Ohio State Senate appropriated $700 million in projects included in SB 288 that will fund initiatives across the state through this one-time Strategic Community Investments fund. One of...
OHIO-BASED OMNI SYSTEMS CONTINUES GROWTH WITH ACQUISITION OF WEST CHESTER MANUFACTURER
OHIO-BASED OMNI SYSTEMS CONTINUES GROWTH WITH ACQUISITION OF WEST CHESTER MANUFACTURER OMNI Systems, the largest privately-owned label printing company in the U.S., has joined the West Chester community with its acquisition of Honeywell International’s media...