Solar Power Purchase Agreement (PPA)

With a solar power purchase agreement, your solar company will buy solar panels on your behalf. You may also pay a small installation fee upfront. Your solar company owns the panels on your roof and is responsible for any maintenance or repairs.

After the panels are installed, you pay a fixed rate for the solar electricity produced by the panels on a monthly basis. In other words, your payments are based entirely on how much energy the solar panels produce. You only pay for the power you get and you own all the solar electricity the panels produce.

In some instances, to avoid monthly payments, homeowners can pay in advance for all the solar electricity that will be produced over many years.

Power purchase agreements are the way that most businesses go solar. Companies like Walmart, Whole Foods, Safeway, Staples, and Macy's use solar PPAs, for example. This setup allows these companies to get the benefits of solar power without paying a lot upfront and without the responsibility of owning solar equipment.

More Information

• Read about how to finance solar power with a solar lease.
• Learn about SunRun Power Plan as a way to finance solar.
• Contact SunRun to find a solar solution for your home.