The solar industry has seen tremendous growth in the past few years. The Power Purchase Agreement “PPA” has played an important role by facilitating access to lower electricity rates and socially responsible energy use without capital investments by the host entity. The PPA provides the host customer with both energy savings and cost predictability.
Developments in photovoltaic (PV) panel technology, efficiency, and price have made solar economically viable on a large scale for the first time since the technology was originally commercialized in the 1970’s. Equally important developments in components such as racking systems and DC to AC inverters have further facilitated PV economics and adoption.