The ABCs of Solar PPAs for Public Sector Entities

Aug 2, 2017 | News, Newsletter |

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

 

Workforce Transit Route Planned to Connect Region

A joint effort between City of Middletown, Atrium Medical Center, City of Monroe, and Butler County Regional Transit Authority (BCRTA) to connect people within the region to available jobs kicks off on Tuesday, September 11 with the addition of the WorkLink bus route.

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RiversEdge at Marcum Park in Hamilton, Ohio named one of five Great Public Spaces in the U.S. by the American Planning Association

The American Planning Association (APA) recently named RiversEdge at Marcum Park in Hamilton, Ohio, as one of five Great Public Spaces on APA’s annual Great Places in America list. APA’s Great Places in America program recognizes the streets, neighborhoods, and public spaces in the United States demonstrating exceptional character, quality, and planning—attributes that enrich communities, facilitate economic growth, and inspire others around the country. The Great Neighborhoods, Great Streets, and Great Public Spaces of 2018 are places that are unique and exemplary in their amenities and infrastructure, cultural identity, and use of sustainable and innovative practices.

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Call for Governor’s Cup Submissions

It is time again to start thinking about the Governor’s Cup, awarded by Site Selection magazine every spring. Ohio continues to be a leading destination for new business investment and job creation. Through a statewide collaborative effort, we can continue our positive momentum by submitting successful economic development projects to the Governor’s Cup submission portal at https://jobsohio.com/govcup-input until November 20, 2018.

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