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
The USDA is seeking new technology and/or creative product ideas from grass roots innovators! Got a great idea? The USDA may be interested in funding the research and development of your concept! Ohio State Extension is partnering with the USDA to promote the accessibility and availability of Small Business Innovation Research (SBIR) grants. OSU Extension will be offering two (2) workshops, one in Northeast Ohio (Lorain County Community College on June 19) and one in Southwest Ohio (OSU Lima Campus) to orient interested innovators, researchers, and practitioners to this grant opportunity and the grant application process. Registration is open!read more
The Ohio Economic Development Association’s annual excellence awards program recognizes the achievements of individuals and organizations in Ohio in the areas of economic and workforce development. Submit your nominations today and have excellence in your community recognized state-wide!
A panel of judges will assess the nominations, determine finalists, and select a winner for each of the categories noted below. Award winners will be announced at a ceremony during the OEDA Annual Summit to be held October 16-18 at The Renaissance Columbus Downtown. All award finalists and winners will be notified prior to the Annual Summit so as to make appropriate arrangements.read more
Register Today for the Remaining 2018 Ohio Economic Development Institute Courses
OEDI is presented in partnership the Ohio Economic Development Association, JobsOhio, and the Ohio University Voinovich School.
Next Up for OEDI’s courses: Finance & Incentives July 19-20 and Business Retention & Expansion September 20- 21! Be sure to register early for these in-demand programs, as space is limited!read more