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:
“I, who cannot stay in my chamber for a single day without acquiring some rust,... confess that I am astonished at the power of endurance, to say nothing of the moral insensibility, of my neighbors who confine themselves to shops and offices the whole day for weeks and months, aye, and years almost together. I know not what manner of stuff they are of,—sitting there now at three o’clock in the afternoon, as if it were three o’clock in the morning.”
—Henry David Thoreau (1817–1862)
“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)
“There’s nothing is this world more instinctively abhorrent to me than finding myself in agreement with my fellow-humans.”
—Malcolm Muggeridge (1903–1990)