Nonprofit group Photo voltaic United Neighbors revealed a brand new report, “PPAs & Solar Leases: A practical guide to understanding third-party solar ownership,” to assist customers navigate these pathways to rooftop photo voltaic adoption.
The report highlights how third-party possession (TPO) fashions — together with energy buy agreements (PPAs) and solar leases — are increasing entry to wash vitality nationwide. In keeping with the report, TPO financing fashions account for 45% of U.S. residential photo voltaic.
TPO residential initiatives are sometimes put in with little to no upfront value for owners, they usually purchase electrical energy from the array at a decrease value than a utility ratepayer. TPO contracts could be so long as 15 to twenty years.
The TPO supplier receives the financial advantages of an working array and is accountable its upkeep. With federal coverage adjustments shifting incentives towards business possession, TPO lets owners nonetheless obtain tax credit score financial savings unique to business initiatives.
Photo voltaic United Neighbors is a company reducing the monetary bar of entry to putting in photo voltaic. This report defines the fashion of TPO photo voltaic initiatives accessible to residential photo voltaic, and supplies buyer testimonials about this fashion of PV undertaking.
States the place third-party photo voltaic financing is out there. Credit score: DSIRE & PV Journal
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