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

 

Marion Technical College Joins Smart Automation Certification Alliance

(Marion) Marion Technical College is proud to announce that it is joining the Smart Automation Certification Alliance (SACA). This new membership, generously funded by Buckeye Educational Systems, benefits students by helping instructors stay atop of the latest developments in smart manufacturing and allowing Marion Tech the opportunity to award certifications to students.

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