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:
“A seashell should be the crest of England, not only because it represents a power built on the waves, but also the hard finish of the men. The Englishman is finished like a cowry or a murex.”
—Ralph Waldo Emerson (1803–1882)
“O, let us have him, for his silver hairs
Will purchase us a good opinion,
And buy men’s voices to commend our deeds.”
—William Shakespeare (1564–1616)
“There’s nothing is this world more instinctively abhorrent to me than finding myself in agreement with my fellow-humans.”
—Malcolm Muggeridge (1903–1990)