Our goal is to deliver to our clients cleaner, cheaper and reliable power
A Solar Power Purchase Agreement (PPA) enables your business to install solar power and enjoy its numerous benefits, without any upfront capital costs from you.
The way it works is that Powertex Capital takes on full ownership of the solar system, including its installation and maintenance. Then, when it’s commissioned and is up and running, you purchase the electricity from Powertex Capital. This is usually cheaper than the amount you are currently paying to buy electricity from the grid.
PPAs are a great solution for businesses that want their electricity expenses ‘clearly’ off-balance sheet. The PPA product suits commercial clients that don’t want to be 100 per cent at the behest of the utilities.
Regional commercial customers are paying more for power and don’t have as much choice [in terms of their power supplier] can save significant amounts on their energy bill from day one for example by signing up for solar power at a cost of 13-15 c/kWh for power rather than the 20-30 c/kWh they may currently be paying.
Given the fact that the majority of businesses are operational during the day, they will be using most of the solar power generated. So the level of feed-in tariffs, which in any event have been wound back across most states, are less critical.
PPA contracts typically run for 10-15 years, and Powertex Capital can steer the project from start to finish.
Powertex Capital arranges all necessary checks and balances to determine optimum rooftop PV sizes and configurations before drawing up the legal contracts. All of this is managed in-house. We not only design and install systems but also carry the license to sell electricity produced from solar PV. We have the specialist staff, networks and systems and funding to provide the full PPA solar service.
Our PPA products operate uniquely and different to other PPA providers by metering only the power which is utilised by the business and not charged for solar which is exported back to the grid. We do this by installing approved metering infrastructure which is operated by an approved and independent retailer who take care of the accounts. It is important to note that your existing electricity retailer (Synergy in most cases) remains your primary electricity provider.
Get in touch with Powertex Capital to find out more 1300 614 667 / email@example.com
How We Install Solar Power Under a PPA
Before we install your solar power system, we will need to perform an assessment of your premises and your electrical infrastructure, and your business’s electricity consumption profile. Then, we advise you on the best solar power system for you and fully explain your pricing options.
You agree to buy the electricity from your Powertex Capital and sign a contract for a certain term. Once the system is installed and producing electricity, you will be sent a monthly account showing how much electricity is produced. You don’t need to do a thing – we maintain and monitor your system for the entire life of the agreement.
If you are interested in finding out more about whether a Solar Power Purchase Agreement is right for your business, call us on 1300 614 667. Alternatively, request a callback from one of our experienced technicians, or send us an email.
Primary benefits of PPAs:
- Provide a known or fixed electricity rate for a long term – risk minimisation
- Reduce the risk of substantial variation in overhead through energy costs
- Transfer all risk of ownership, maintenance, monitoring and insurance to a third party
- Place emphasis on ensuring maximum productivity of the solar system
- Tangible and visible example of social responsibility which makes sense financially
- Present strong environmental practices and meeting personal carbon emission targets
- Require no cash investment, and
- Provide a tax deductible operational expense
Depending on the site characteristics, PPAs may also assist in secondary benefits and savings including: reducing peak demand costs; improving power factor; and improving phase balancing.