In the case of an onsite, behind the meter solar PPA, the energy generated by the solar array is consumed directly by the customer.
In an offsite solar PPA, such as a community solar project, the energy credits generated from the solar farm are applied against the bills you receive from your utility to offset your costs.
A typical solar PPA has a term length of 15-20 years. This allows Nexamp to obtain, finance, build, and eventually operate the project.
While this is a long-term agreement, Nexamp is obligated to find a replacement entity in the case of termination. We have years of experience developing creative solutions to address customers’ contractual concerns, and stand at the ready to develop a solution that works for you.
While many community solar programs do not allow for the transfer of RECs to the customer, there are several select markets where project RECs can be passed along. In addition, Nexamp has developed a REC bundling product whereby we can seamlessly procure and retire Green-E Certified RECs to match the volume of community solar credits being delivered. For onsite PPAs, there is an option for the customer to retain the project RECs.
Nexamp has been offering solar Power Purchase Agreements and other offtake products since 2012. We have a long history of working with customers, from Walmart and T-Mobile to small commercial and governmental entities.