Commercial FAQs |
Why should I work with groSolar?groSolar has one of the most experienced design, build and project management teams in the solar industry. Our experience and relationships within the industry make the process of going solar easy for you. Are there special incentives or grants for commercial projects?Incentives and grants for renewable energy vary by state. groSolar has the knowledge and experience to navigate the complex incentive marketplace and will assist you as needed to identify incentives in your area and complete applications. What are my financing options?Our clients typically choose one of two options. 1) Finance on their own and take advantage of the appropriate Federal grants or Federal Investment Tax Credits, SRECs, state grants and accelerated depreciation. 2) Power Purchase Agreements (PPA) where the PPA will install a solar system on the client's roof or ground for a long term with an agreed upon price for the power and with no capital cost to the client. The PPA provider provides the project financing and secures the value of grants, tax credits and other incentives. We have established relationships and experience with industry leading PPA providers to help customers finance, install and operate solar power plants at no cost to the client. What are Power Purchase Agreements?A Power Purchase Agreement, or PPA, is a legal contract between an electricity producer (the PPA) and a power purchaser (client) where the purchaser buys electricity from the generator for a stipulated term at an established rate. In a typical PPA, the PPA provider secures project financing, maintains the system and sells the electricity to the electricity producer. There is no capital cost for the client. A PPA can play a key role in financing a solar electricity project as it enables customers to take advantage of low-cost electricity with long-term pricing stability, a smaller carbon footprint, and a greener public image. Our PPA partners provide all necessary maintenance, monitoring, service and repairs so the customer can concentrate on their core business and not on becoming a solar energy expert. In addition, the PPA provider as the owner, provides the required insurance on the system. Many PPAs wlil provide the client with an option to buy the system after a given initial term.
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