Power Purchase Agreement
Giving You the Power
At Hawaiian Energy, Inc., we are committed to working within each customer’s budget to make solar power affordable for everyone. Recognizing that some business owners are eager to make the switch to green energy and begin reaping the benefits of solar power, but cannot afford to make a large initial investment, we offer a cost-effective financing option to meet our customers’ long-term solar energy needs: the Power Purchase Agreement.
What is a Power Purchase Agreement?
A Power Purchase Agreement (PPA) is a service contract between you and one of our financial partners, who acts as an investor in your business. The investor finances, owns and operates the solar energy system at your business location and then sells the electricity that is generated to you at a fixed price for an agreed-upon period of time. For you, this means no capital investment, no worries, no maintenance and no more rising energy prices!
How does it work?
Hawaiian Energy, Inc./Investor:
- finances the entire process, including permitting, designing, procuring and installing the system at your site
- owns and operates the system, taking care of operations, maintenance and insurance
- issues the PPA, setting forth the terms and providing you with the option to buy the system after six years
You, the Customer:
- provide the installation site (such as an open space or roof top)
- provide access to the site for installation, operations and maintenance
- purchase the solar energy at a reliable price
What are the advantages?
- No initial costs. Start saving money on your energy bills now. Cash flow positive from day one.
- No hidden costs. No hassles. You only pay for the power. No maintenance or insurance costs or concerns.
- No more rising energy prices. The agreement features a long-term fixed energy price for the term of the contract, so you can plan your expenses.
- Make it yours! You have the option to buy the system after six years, putting your energy savings to work.
We make it work for you. Hawaiian Energy can customize solutions to meet your needs. Contact us today to schedule a free site evaluation and cost-benefit analysis of a PPA for your business.