Financing
Energy Finance Associates already has the capital to fund your project. Now you can go solar with no capital expenditures. You will reduce your organization's operating costs by securing a twenty-year supply of clean, renewable solar energy at a lower costs than the dirtier, more expensive utility company electricity you now purchase from a monopoly provider. You will also be significantly benefitting the environment and demonstrating your commitment to sustainable eco-friendly operations to your stakeholders and constituents. This is truly a win-win situation.
How It Works
Your organization, called the Host, and Energy Finance Associates (EFA) enter in a Power Purchase Agreement called a PPA. Under the terms of the PPA, EFA, at its own expense, will design, permit, construct, finance and operate a solar electric generating facility on your premises. The principal terms of the PPA provide that:
- The Host will purchase the clean solar electricity at a price less than it would otherwise pay the utility.
- The Host pays only for electricity actually delivered eliminating production risk.
- EFA is responsible for paying 100% of the capital cost of the system, and is responsible for all operating and maintenance costs eliminating operational risk.