By: Paul R. Michaud
Connecticut Green Guide
in 2012, about 90 Connecticut companies decided to go green and, in turn, save some green by installing solar systems at their places of business. This was made possible in large part due to a third-party financing arrangement called a solar power purchase agreement, or SPPA. A SPPA is a contract between the host company and the solar services provider where the provider finances, owns, maintains, and operates the solar system on the host’s property, typically the rooftop. The provider sells the electricity produced by the solar system to the host at a fixed rate. In return, the provider receives income from the electricity, renewable energy credits, and tax credits produced by the system. The length of a SPPA is usually 15-25 years, and the host may have the option of purchasing the solar system during the term. At the end, the provider will remove the solar system at no cost to the host company, or allow the host to purchase the system at fair market value….
To Read the full article published in the March 2013 Connecticut Green Guide, click the pdf below.