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Power Purchase Agreements

Customer who prefer to eliminate capital costs can still leverage their roof space for solar by entering into a Solect Power Purchase Agreement (SPPA). In this scenario, a customer would execute two contracts with Solect, Inc.: (1) the Site Lease Agreement (SLA) and (2) the SPPA. Through the SLA, Solect is given access to install and operate the solar generating system on the customer's roof. Through the SPPA, the customer agrees to purchase the generated power at a set price which is typically at or below the customer's current all-in utility cost. This SPPA structure allows the customer to achieve the benefits of a professionally managed solar power system with neither capital costs nor ongoing administrative and maintenance requirements.

Solect uses the various tax incentives (including accelerated depreciation and income tax credits associated with photovoltaic solar systems) to lower the customer's cost per kWh. In addition, Solect takes advantage of various state and local rebate/subsidy programs for energy efficiency projects and solar power generating facilities to further lower the SPPA price. Solect's goal is to reduce a property owner's energy grid consumption and energy costs while taking on the task of financing, owning, and operating the PV solar system. This frees up the customer to apply their capital dollars toward other improvements.

SOLECT Power Purchase Agreement Benefits