More businesses, municipalities, and nonprofits are choosing solar as the costs continue to decline allowing the technology to compete with fossil fuels:
- Solar capacity by the top 25 corporate users has doubled since 2012.
- Commercial solar installations are estimated to double by 2020.
- Solar installation costs have dropped by over 73% in the last 10 years.
(Source: GTM Research, SEIA)
Savings and Sustainability
As prices for solar energy continue to decrease, organizations are switching to power their operations with solar in order to save on energy costs, stabilize electricity prices, reduce their carbon footprint, and achieve sustainability goals.
Onsite and Offsite
Organizations can secure solar power either from an onsite facility or from an offsite or remote location. Selecting the optimal strategy requires careful analysis that should begin with the highest level considerations:
An onsite solar installation generates power directly consumed by a customer organization. It can be installed on rooftops, parking lots, or an adjacent ground space.
Organizations can either own a solar installation if they have the cash and the ability to use the tax benefits, or they can buy the energy through a power purchase agreement (PPA) with zero capital investment. Solar PPAs offer immediate savings, and lock in electricity rates for 15 to 20 years, delivering predictability and protecting the customer’s bottom line.
If building an installation at a facility is not possible due to reasons like space constraints, structural issues, or roof age, or an organization is using more energy than an onsite installation can provide, a remote PPA is a great option.
Through a remote PPA, the customer can buy clean energy from a solar array at an offsite location and benefit from electricity savings from day one or a hedge against volatile energy prices. Offsite systems tend to be larger systems that can enable organizations to procure a greater proportion of their energy needs and sustainability goals.
Where to Start
Organizations going solar for the first time face numerous options, and the process to analyze and implement the right one can be daunting. Working with a trusted partner with specialized expertise and a successful track record reduces time and cost, and ensures you select the optimal approach.
Contact Sol Systems now to learn how we can help: