The Ontario Feed in Tariff is over. The PPA is the new paradigm in commercial solar integration. With Solera’s Power Purchase Agreement business model, our group will build, own, operate, insure and maintain the solar energy system with zero capital or ongoing costs to be borne by the building owner. Zero.
The building owner will enter into the 20 year PPA with Solera for the purchase of the solar generated electricity at a beneficial rate, yielding substantial long term electricity cost savings. Various options can be considered regarding the end of the contract term including the building owner assuming ownership of the project, a joint venture, or Solera will remove the system entirely, at no cost to the building owner. And the building owner can be provided the option of acquiring an ownership stake in the array up front, thus enjoying benefits at both ends of the PPA.