Solar Energy in The United States - Incentives - States and Local - Power Purchase Agreement

Power Purchase Agreement

In 2006 investors began offering free solar panel installation in return for a 25 year contract, or Power Purchase Agreement, to purchase electricity at a fixed price, normally set at or below current electric rates. By 2009 over 90% of commercial photovoltaics installed in the United States were installed using a power purchase agreement. Approximately 90% of the photovoltaics installed in the United States is in states that specifically address power purchase agreements.

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Famous quotes containing the words power, purchase and/or agreement:

    “When power becomes gracious and descends into the visible—such descent I call beauty.”
    —Friedrich Nietzsche (1844–1900)

    “How happy a thing were a wedding,
    And a bedding,
    If a man might purchase a wife
    For a twelvemonth and a day;”
    —Thomas Flatman (1637–1688)

    “Culture is the tacit agreement to let the means of subsistence disappear behind the purpose of existence. Civilization is the subordination of the latter to the former.”
    —Karl Kraus (1874–1936)