Power Purchase Agreements allow you to Go Solar Without Spending the Money
We interviewed Dustin from Photon Energy Services na 2009 Intersolar conference. Photon Energy Services was founded in 2006 with the objective of allowing people to benefit from solar power without spending the upfront money for installation. The company focuses primarily on the commercial, institutional and government sectors. They are currently working on a project for the Diocese of San Jose. In this project, Photon brought in an installation team as well as investors to pay for the equipment, and under a long-term PPA contract, the Diocese will pay for the energy produced by the solar equipment. A PPA plan is a power purchase agreement where a company or investor pays the upfront costs of a solar power project in exchange for a contract requiring the customer to buy the resulting electricity. Dustin said that they believe that the Diocese will save a significant amount of money over the life of the PPA contract.
Photon also works to make solar easier on their customers. Customers do not need to be experts in solar. Photon and its partners, Perpetual Energy and NBL Energy, will take a look at how and when you use electricity and how much electricity in your area costs at various time of day to give you an idea as to how much you would save if you switched over to solar. Photon always tries to structure the cost so that the amount of your solar bill plus the remaining grid bill is less than what you would pay to your current utility company.
Photon is currently targeting the public school districts because they are experiencing a lot of pressure to go green, but they don't have a lot of capital. In addition, since school districts are not tax payers, they cannot take advantage of tax incentives, which are currently mostly in the form of tax credits. Two federal programs, ITC (Investment Tax Credit) and MAKERS, are examples of programs that school districts cannot take advantage of directly, but that they would be able to take advantage of indirectly through Photon's PPA program.
Another option for school districts is to use a bond to prepay their electricity under a PPA. If they do this they can eliminate the electric bills that they have prepaid from their operating budgets and hence free up some money for other necessities, such as to pay teachers.
Za več informacij, check out Dustin's extremely informative interview above, and contact Photon Energy Services to discuss how they can help you go solar and save money. And keep looking through our site for more information about sustainable companies and products.
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Please send an example about rate of return for school districts
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