A Power Purchase Agreement (PPA) is a long-term contract to buy electricity at a pre-determined rate. 621 Energy’s Solar PPA allows corporate and tax-exempt entities the ability to reduce their operating costs and carbon footprint without any upfront capital investment.
621 Energy will finance, build, own, and maintain the system at no cost to the “host”. The host purchases the clean solar electricity produced at a low and stable rate below the local utility price, providing long-term protection against rising electricity costs. The host pays only for the electricity generated and reserves the right to purchase the system in the future.
The mutual interests of the host and 621 Energy are closely aligned to provide a high-performing successful PV system over the length of the Solar PPA and for the life of the system.