Solar Power Purchase Agreement (Solar PPA)
SunRun is the nation’s leading provider of solar power purchase agreements and currently services several thousand customers.
When you select a SunRun Solar Power Purchase Agreement, SunRun will purchase, install, and maintain the solar panels for you, as well as guarantee the home solar power system's production. You simply pay a low monthly rate to SunRun for the home solar power your system produces.
This home solar power offsets the electricity you had been buying from your utility. The savings from a lower utility bill can cover the monthly payment to SunRun and even put money back in your pocket. Since you lock in low rates for the next 20 years with a solar power purchase agreement, you save significantly over time with solar as electricity prices continue to rise.
Some cities are still in the process of allowing solar power purchase agreements. In these locations, consumers can take advantage of a home solar lease. With a solar lease, SunRun buys, owns and maintains your home solar power system and you pay a low monthly bill to rent the equipment.
Solar PPA or Solar Lease?
Don't worry about choosing a solar PPA or a solar lease, it simply depends on where you live.
In Massachusetts, New Jersey, Pennsylvania, parts of Colorado, and most of California, SunRun’s Power Plan is a solar power purchase agreement. In Arizona, parts of Colorado, and in Los Angeles if you're in LADWP territory, SunRun's Power Plan is a solar lease. Outside of Arizona and Southern California’s LADWP area, SunRun also offers Total Solar, which allows customers to pay for all their solar electricity in advance. Learn more about going solar in Arizona, solar in California, solar in Colorado, solar in Massachusetts, solar in New Jersey, and solar in Pennsylvania with SunRun on our Solar by Location pages.
All SunRun solar plans include a money back performance guarantee, insurance, professional grade monitoring, and complete coverage for all maintenance and repair for the life of the plan. We will even clean the solar panels if they are underperforming.
Solar power purchase agreements are the choice of most businesses that install solar power systems. Companies like Wal-Mart, Whole Foods, Safeway, Staples, and Macy's use solar PPAs to get the benefits of solar power without a high upfront cost or the hassle of owning, maintaining and monitoring the solar equipment themselves.
- Is there flexibility in my initial payment with SunRun Power Plan?
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With SunRun, there is flexibility in how much you pay initially for home solar.
With SunRun Power Plan, we make it as close to free to get home solar installed as we can. However, you have another option, which is to pay more initially and then a lower rate for your solar electricity. You can discuss your options at any time with a SunRun sales representative at 877-786-6656.
- Why does the initial cost for SunRun Power Plan vary?
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The initial cost for SunRun power plan may vary depending on where you live and the size of your home solar system. We keep the initial cost as close to $0 as possible while making sure that solar will save you money on your electricity bill right away.
- Do I get the government rebates and credits with SunRun Power Plan?
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You get the full value of all federal and state government solar incentives with SunRun Power Plan. As the owner of the system, SunRun files for all applicable rebates and tax credits and passes that savings on to you immediately. The value of the rebate(s) will be subtracted from the upfront cost of home solar in your Power Plan agreement. Your SunRun sales representative can show you how this works in a customized solar quote for your home.