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
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read moreCall 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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