Funding Solar PV with a New Roofing System via PPA

A Power Purchase Agreement (PPA) is a financing option for funding new commercial roofs and solar PV projects without having to pay any upfront costs. Under a PPA, a third-party investor (such as a solar company or finance provider) can install clients with a new or refurbished roofing system and a solar pv system. The business will then purchase the electricity generated by the solar system at a fixed rate, which is typically lower than the cost of electricity from the grid.

PPAs can provide several benefits for businesses, including:

• Lower upfront costs: Under a PPA, the third-party investor is responsible for the upfront cost of the solar system, allowing businesses to benefit from renewable energy without having to make a large capital investment.
• Reduced energy costs: By purchasing electricity from the solar system at a fixed rate, businesses can reduce their energy costs and lock in long-term energy savings.
• Simplified maintenance: Under a PPA, the third-party investor is responsible for maintaining the solar system, reducing the burden of maintenance on the business.
• Reduced carbon footprint: By using renewable energy, businesses can reduce their carbon footprint and meet sustainability goals.

At Clad-It, we work with third-party investors to offer PPA financing options for commercial roof and solar PV projects. Our team can help businesses determine if a PPA is the right financing option for their needs and can provide a range of services to design, install, and maintain their solar system. Contact us today to learn more about how we can help businesses benefit from renewable energy and reduce their energy costs.