Energy expenses add up to a signifigant portion of an organization's operating costs. With a SolarCity PPA organizations can lock in energy prices for the long-term.
When your organization switches to solar power, you are hedging against volatile utility rates by locking in low, predictably priced electricity for years into the future. As utility rates continue to rise, your savings can grow every year.
Reduce Your Energy Expenses
When your business begins to generate its own solar power, your electricity bill can drop significantly. Depending on your facility's energy consumption, you will still draw power from the utility grid but you might be able to move into a different rate tier. Solar may also help you avoid peak demand surcharges.
In addition, you will be protecting your business from future utility rate increases for years to come.
Businesses Can Save
Sell Excess Power to the Utility
If your solar system generates more power than your facility can immediately use, your excess power flows back to the grid, earning credit on your utility bill in regions with favorable net metering policies.
Solar systems produce the most electricity during the middle of the day, during "peak" hours when the utility rates are at their highest.
This is to your advantage, because you can sell excess electricity to the utility company at high peak rates in the afternoon, and buy electricity back at lower "off-peak" rates during other times of the day and at night.
You buy low and sell high! This is referred to as "net metering" and can reduce your electricity bill even further.
SolarCity designs high quality solar systems and sources panels with extensive warranties. Our proprietary PowerGuide monitoring service provides real time data and alerts to ensure your system is performing as expected.
With a SolarCity Power Purchase Agreement (PPA), basic repairs and maintenance are included. SolarCity also offers enhanced Operations and Maintenance services that utilize data and analytics to track weather and soiling as well as other site specific conditions that could impact production.
With solar, you can achieve significant savings on electricity costs over the life of your system.
Typical project payback is 5-10 years and after-tax returns for solar can be 15%-25%. With a SolarCity PPA, you can save money immediately with a free installation and ongoing savings from day on.