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.
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Coming Up in July: Everything You Wanted to Know about Fiscal Impact and JEDDs
Ohio’s Joint Economic Development District (JEDD) program is the major state program that enables collaboration among municipalities and townships to encourage investment and job creation. Over the past few years, the JEDD program has undergone a number of significant changes that impact on its practical use.
read moreIn Memoriam – The Life of Dan Evers
I first met Dan in the fall of 2016. I had moved to Central Ohio over the late holiday season in 2015 to begin serving as the new Director of GROW Licking County CIC, Dan’s former role. I was immediately struck by many in the community who worried that I would “not be enough,” that the “shoes were too big,” and that “Dan was larger than life.” And they were right.
read moreOEDA 2022 Annual Excellence Awards – Call for Nominations
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 statewide!
A panel of judges will evaluate the nominations, determine finalists, and select a winner for each of the categories noted below. Award winners will be announced in conjunction with the 2022 OEDA Annual Summit, being held October 3-6 at the Exchange at Bridge Park in Dublin, Ohio.
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