Selecting the Ideal Environment for Solar
Solar projects revolve around finding the right customer, the entity that agrees to purchase electricity at a set price for a set period of time, and sometimes also provides land or space on their roof for the solar project. New Energy Equity focuses on the successful completion of mid-size to large commercial and small utility scale solar projects, appropriate for any entity spending in excess of $50,000 per year in electricity.
An arrangement known as a Power Purchase Agreement (PPA) makes it possible for the solar electricity customer to experience predictable and reduced energy costs over the PPA period, typically 20-25 years, without any initial capital expenditure or solar system cost.
In addition to the positive financial impact of going solar, your organization will benefit from the positive environmental impact of moving towards clean energy. Communities perceive solar as a positive reflection of your organization’s commitment to environmental sustainability and responsible business management. Moving into green energy is a trend everyone sees as positive.
The top reasons that customers participate in a solar project include:
- No capital initial investment
- No installation costs
- No operating costs
- Lower energy rates
- Predictable energy rates
- Positive environmental impact
- Positive community impact
Successful businesses know how to watch the bottom line and optimize profitability. Controlling costs and reducing energy expenses are top priorities in commercial operations, and both can be achieved as an immediate benefit of moving towards solar energy. When New Energy Equity runs our initial energy use assessment, the results are obvious: We present you with a solar business plan that delivers lower electricity bills and predictable energy costs for the next 20-25 years. Whether you manage a hotel, hospital, retail enterprise, factory, technology center, or other commercial operation, contact New Energy Equity to realize your renewable energy savings.
Educational institutions, by definition, are devoted to preparing the next generation for the future, and adopting green energy fits that mission. In addition, administrators are well aware that the cost of electricity is a significant part of the annual budget. A solar project not only reduces the organization’s electricity spend, but provides 20-25 years of budgeting predictability without spending anything on institution infrastructure. Educational institutions have found a significant benefit within alumni relations, community image, and student applicant rates when solar projects are hosted on their campuses. Contact New Energy Equity to talk about a solar installation for your institution.
Government and Municipal Customers
Federal, state, and local governments need to control costs. The public demands that governments manage annual budgets and get more done with less. Solar energy projects deliver immediate benefits to the bottom line of any public sector budget through lower energy rates and budget predictability during 20-25 years of energy production, all without the use of public funds for any capital or installation costs In addition, communities and constituents are sensitive to environmental issues that result from traditional energy sources such as coal and fossil fuels. Proactive governments that turn toward renewable energy sources are rewarded with community good will. A solar energy project delivered by New Energy Equity provides positive results in a low risk, dependable, and successful end-to-end offering.
Utilities have a choice of where to source energy. Electricity can come from a variety of sources and solar is quickly becoming one of the best options due to peak load production and reliability. Entering into a 20-25 year Power Purchase Agreement enables utility partners to lock in a predictable electricity rate and allows the utility to fulfill certain renewable energy obligations, depending on state. New Energy Equity has worked with utility partners to deploy small utility projects in a variety of markets throughout the United States. We’re ready to work with your organization to develop a solar business plan based on your regional utility energy needs.