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Distributed Residential Solar Power with PPA

Wednesday , 22, April 2020 Comments Off on Distributed Residential Solar Power with PPA

One of the advantages of residential solar systems is that they provide electricity locally, which reduces the distance that electricity must travel. The electricity that has to travel long distances loses electricity through the heat in power lines. 

The availability of solar systems for private households that can directly supply other homes in the environment supports local energy generation. 

A power purchase contract is an agreement between an electricity company and an owner. Under this program, the owner rents a solar panel system and pays the recipient company a monthly rate that is lower than the current electricity price. You can look for power purchase agreement providers at to make a PPA. 

Image source: Google

The advantage for owners is that they enjoy contract savings with contracts for up to 18 years. By increasing electricity prices every month, ordinary customers can regain their investment in less than two years through savings.

It is renewable energy sources that reduce carbon from dirty energy sources such as coal. The country is interested in decentralized solar energy to create jobs while reducing the cost of solar power until grid parity is achieved. 

Grid parity means that the price of solar power is reduced to the same price or lower than the price of the existing electricity grid. Electricity purchase contracts are a step forward to achieve this goal. 

Thousands of homes, schools, and businesses will have solar panels on their roofs. This system can now be monitored online using intelligent measurement technology.