Instead of buying solar panels, your business just buys the solar electricity.
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San Francisco, CA (PRWEB) August 03, 2011
Until recently, the "zero upfront cost" solar option popular with residential and large industrial customers has been denied to US small businesses. Greenzu is changing that paradigm by offering small businesses and non-profits a clever option. Instead of buying solar panels, they just buy solar electricity - at a discount to utility prices. They save on energy bills from day 1 without any upfront cost. The approach is called a power purchase agreement (PPA).
The cost of solar, isn’t cheap. The solar panels, the cost of racking, not to mention the labor to install it all add up to $150,000 or more. Until recently, small to mid-size businesses that wanted solar had to pay cash out-of-pocket. Finally, now building owners have the option to go solar with literally $0 down.
The Solution? Someone Else Buys Solar For Your Business
The growing trend is to avoid buying the system. Just purchase the clean, discounted electricity. This type of financial solution is called a power purchase agreement (PPA). Solar developers, like Greenzu, are offering it to their commercial customers.
Solar with $0 Down
In Greenzu's solar micro-utility program, the solar is installed at no upfront cost. In return, the business simply buys the discounted solar electricity from Greenzu for the next 20 years. Since solar electricity is priced cheaper than your utility company’s energy, you start saving on your electricity bill from day 1. As your utility company raises its prices, your solar savings grow.
Flexibility for Businesses
In addition to protecting cashflow, the solar PPA is easier for business owners. The PPA provider oversees the installation and provides 100% free maintenance for life. Building owners do not have to worry about cleaning panels, checking wires, or taking the risk of non-performance. The PPA is also structure to be flexible when the building is up for sale. If the building is sold the owner can either buy-out the solar or transfer it to the new buyer. This option is specifically tailored to attract commercial landlords to solar.
Show Off Your Solar!
When your friends are complaining about the upkeep of their Learjet or the depreciating value of their yacht, smile and say, “my solar system is worry free and making me money”. You will be the trend setter at your country club.