By Marc Empey
A power purchase agreement, or PPA, is a legal contract wherein an energy buyer (host) agrees to purchase electricity from a producer (provider). It’s recommended to consult with a Palm Springs business transaction law firm when considering this type of agreement.
California’s biggest source of renewable energy is solar. Indeed, the state possesses 85 percent of the country’s solar power systems.
If you’re interested in a greener lifestyle and lower energy costs, the staff at SBEMP will help you plan your solar power business designed with the right business documents and purchase agreements.
How Agreements Work
In most cases, most agreements require that:
- The contract lasts five to 25 years
- Energy is bought at a set cost for the entire contract length with an annual escalator
- At the contract’s end, you’ll be able to renew it under new terms, buy out the system or order upgrades to the system
Solar Business Transaction Law Firm Help in Palm Springs
SBEMP has years of experience with helping clients negotiate transactions in their favor. Because these agreements can last up to a quarter century, we provide help with finding funding resources, purchase agreements, and more.
If you’d like more information about PPAs in southern California, give SBEMP a call at 760-322-2275. Our staff will be happy to answer any question your have and will provide an assessment of your business or home at no cost to you.