Sustainable Energy Savings
What is a Power Purchase Agreement (PPA)?
- Customer subscribes to a Nexamp solar array.
- The solar array feeds clean electricity into the grid while earning the account credits.
- Credits are purchased at a discount, reducing annual electricity costs.
Onsite PPA
If the solar facility is located on the customer’s premise, they would enter into an onsite PPA. In this agreement, we install, own, and operate the system. The power generated directly offsets electricity that would otherwise be drawn from the grid.
Offsite PPA
When projects are located offsite, such as a Nexamp Community Solar farm, customers sign an Offsite PPA. Under this model, net metering credits are allocated to the customer’s bill at a guaranteed discount, providing a predictable form of cost reductions.
Benefits of a Power Purchase Agreement
Electricity cost reductions
No upfront capital investment
Long-term cost stability and predictability
Directly supports the deployment of new renewables on the grid
Clear commitment to clean energy transition
FAQs
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