Power Purchase Agreement (PPA):
Enjoy Solar Without Upfront Costs
Discover the benefits of a Power Purchase Agreement (PPA) for your home. Learn how to harness solar energy without the hefty upfront costs and enjoy long-term savings on your electricity bills. Contact us today for a free consultation.
Challenges of Traditional Solar Ownership vs. PPA
Traditional solar ownership often involves significant upfront costs, ongoing maintenance responsibilities, and the risk of decreased system value over time. This can make it a less appealing option for many homeowners.
A Power Purchase Agreement (PPA) offers a hassle-free alternative by eliminating these burdens and allowing you to enjoy the benefits of solar energy without the financial commitment.
Feature | SA Power Purchase Agreement (PPA) program | Traditional Solar and Battery |
Upfront Costs | No upfront costs! | Significant upfront investment is required |
Finance | $0 Finance | 10-15% Interest Rate on Finance cost |
Processing Time | As soon as the eligibility check is completed (1-2 weeks) | As soon as the deposit or the investment funds are ready |
Ownership | Own the system after 7 years | You own the solar system |
Maintenance | Energy provider handles maintenance and repairs | You are responsible for maintenance and repairs |
Electricity Rates | Enjoy 15% Lower Energy Market Rate | Your Energy Retailer Market Rates |
Long-term Costs | Predictable energy costs with no long-term financial commitments | Potential for decreased system value over time |
Warranty | Battery Warranty - 10 yrs Solar Panel Performance Warranty - 30 years | Battery Warranty - 10 yrs Solar Panel Performance Warranty - 20-30 years |
Eligibility for the South Australian PPA
To enjoy the full benefits of our PPA, you must meet the following criteria:
Solar PPA Eligibility:
- Location: Reside within 50km of the Adelaide CBD.
- Electricity Usage: Have an annual electricity usage of at least 6,500 kWh per year (excluding controlled load).
- Property Ownership: Own the property where the solar system will be installed and provide proof of ownership (e.g., council rates).
- System Suitability: Pass a desktop analysis and assessment by the installer to confirm your property’s suitability for solar.
Additional Considerations:
- Upgrades: You may be required to pay for additional non-standard upgrades, such as tilt framing, electrical supply modifications, or special access equipment.
- Single-Phase Meter: Your property must have a single-phase meter.
- Credit Criteria: You must meet the energy retailer credit criteria.
By meeting these eligibility requirements, you can take advantage of the Solar PPA and enjoy the benefits of solar power without upfront costs.
Let’s explore your solar options and find the perfect fit for your home with a Power Purchase Agreement (PPA)
Our team will guide you through the entire process, from assessing your property’s solar potential to recommending the ideal system size. We’ll handle all the paperwork and coordinate installation with qualified professionals.
Frequently Asked Questions
What is a Power Purchase Agreement (PPA) and how does it work?
A Power Purchase Agreement (PPA) is a contract between a homeowner and an energy retailer. Under a PPA, the energy retailer installs and owns the solar system on your property. You agree to purchase the electricity generated by the system at a predetermined rate, often lower than your current utility costs.
What are the benefits of a PPA compared to traditional solar ownership?
A PPA offers several advantages. Firstly, it eliminates the upfront costs associated with solar panel installation. Secondly, it provides a predictable electricity rate, protecting you from rising energy prices. Additionally, you benefit from professional maintenance and system monitoring without any hassle.
Can I purchase the system outright before the term ends?
In most cases, yes, the homeowner can purchase the system at a pre-determined rate even before the term ends. With HP Energy's PPA, you can own the system for free after the term ends. This unique benefit allows you to fully capitalize on your investment and continue enjoying the advantages of solar power ownership without additional costs. The standard PPA term is 7 years.
How do I know if I qualify for a PPA?
To qualify for the South Australian Solar PPA, you must be a resident within 50km of Adelaide CBD, have an annual electricity usage of at least 6,500 kWh, own the property, and meet credit criteria. You may also be required to pay for additional upgrades. If you meet these requirements, you can enjoy the benefits of solar power without upfront costs.
Ready to enter our Power Purchase Agreement?
Contact us today for a free consultation and discover how solar PPA can transform your life.