Own/Operate
The benefits of solar without the capital investment.
Long-Term Owned Assets
In addition to design/build services where the customer owns the solar array, we design, develop, and install solar projects for ownership by SunVest through our financing programs, leasing programs, and Power Purchase Agreements (PPAs).
Power Purchase Agreements
Key facts about PPAs
Power Purchase Agreements (PPAs) help commercial/industrial businesses, co-ops, and municipalities enjoy the benefits of renewable energy without the upfront cost or long-term maintenance. SunVest handles installation, interconnection and maintenance, as well as cost, tax equity, renewable energy credits (RECs), and any other state and federal incentives.
- Commercial/industrial buildings that make ideal PPA candidates are a minimum of 35,000 square feet with at least $3,000 per month in electricity bills.
- No rooftop required! Commercial/industrial facilities with adjacent open land can also host a behind-the-meter solar facility.
We’ve broken down the PPA basics below for those considering this route.
Solar Arrays
are installed on rooftops or land by a developer who owns, operates, and maintains them. There are no upfront costs required.
ELECTRIC BILLS
from the utility are drastically reduced. PPA customers pay the solar developer a predetermined price per kWh at a rate 5-20% lower than what the utility charges.
ELECTRICAL GRID
is still connected to the building to supply electricity when the sun provides less solar than the PPA customers demand.
LAND LEASES
We work with farmers and other landowners to lease property for use as a community solar garden or large solar array. A ground-mount solar project can deliver 3-4 times the income of conventional farming.
- Ideal land is minimum 6-10 acres, flat, free of obstructions and near to electrical distribution lines. This acreage can generate approximately 1 MW of solar energy, which can provide electricity to around 200 homes annually
- Solar modules are designed to have a 30–35-year lifespan
- Leases have a 25-year term plus (2) 5-year options
- SunVest Solar will pay any increase in property taxes attributed to the project
- After installation the land will be maintained at no expense to the landowner
- Solar modules are typically serviced twice a year for inspection and cleaning
- No buildings or lights are necessary on-site, and all operations are done remotely by SunVest Solar.
