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.
Read more about this topic: Solar Energy In The United States, Incentives, States and Local
Famous quotes containing the words power, purchase and/or agreement:
“If we can learn ... to look at the ways in which various groups appropriate and use the mass-produced art of our culture ... we may well begin to understand that although the ideological power of contemporary cultural forms is enormous, indeed sometimes even frightening, that power is not yet all-pervasive, totally vigilant, or complete.”
—Janice A. Radway (b. 1949)
“When thou, poor Excommunicate
From all the joys of love, shalt see
The full reward and glorious fate
Which my strong faith shall purchase me,
Then curse thine own inconstancy!”
—Thomas Carew (1589–1639)
“Truth cannot be defined or tested by agreement with ‘the world’; for not only do truths differ for different worlds but the nature of agreement between a world apart from it is notoriously nebulous. Rather—speaking loosely and without trying to answer either Pilate’s question or Tarski’s—a version is to be taken to be true when it offends no unyielding beliefs and none of its own precepts.”
—Nelson Goodman (b. 1906)