Through a solar power purchase agreement (PPA), owners of land and buildings can gain the advantages of clean, renewable energy with no up-front capital investment. In a typical PPA, a company installs solar power systems at no cost. The property owner then buys energy at a negotiated rate from Vorp Energy, just like a monthly utility bill.

Under a PPA, Vorp Energy designs, builds, owns and operates the solar power system, receiving all tax benefits, installation incentives and operating costs. Since the equipment is completely owned and operated by Vorp Energy, the property owner has no up-front expenses, no maintenance expenses and no repair expenses.

Benefits

Works best for:

– Private enterprises that want to increase renewable energy generation or compliance goals that cannot divert funds to these projects.

– Municipalities and school systems that lack the budget for major capital improvements but want to control long-term energy costs or meet renewable energy goals

Customers who want to receive an Investment Tax Credit, accelerated depreciation, and 100% of the power cost savings may prefer to own their energy system designed and built by Vorp.

Benefits

Works best for:

– Private enterprises that have cash on hand and want to take advantage of tax breaks as well as energy savings

– Municipalities and school systems undertaking fully bonded new construction projects or fully bonded renovations of existing buildings.

A capital lease provides loan financing with all the benefits of ownership: Investment Tax Credit, depreciation, solar incentives and 100% of the solar cost savings. Property owners who lease get the same benefits as those who own, with the costs for the solar power system paid out over time.

Benefits

Works best for:

– Private enterprises that have cash on hand and want to take advantage of tax breaks as well as energy savings

– Municipalities and school systems undertaking fully bonded new construction projects or fully bonded renovations of existing buildings.