What is a PPA?
PPA stands for Power Purchase Agreement. Instead of buying a 25-year system and being responsible for paying it off when you sell the home, you just purchase the power it produces at our rate instead of the utility's.
Put another way — we put Solar on your roof and sell that back to you at a rate that is at already ~10% less than your utility company, while also capping the yearly rate increases at 2.9% rather than the 8-10% yearly hikes from the utilities.
A 25-year product shouldn't be the responsibility of one person. Pay for your power while you are in the home, without worrying about having to pay everything off when you move.
Eligibility
The Partnership
Context
That means a bunch of money up front, or a big loan you are required to pay off when you sell. Since Covid and now the current economy, many people are uncertain as to how long they'll stay in the home. For that reason, they don't want to commit to a 25-year system, or wait over a decade to make their money back.
If you have PGE or Pacific Power, your electricity rates have gone up by 10%/yr since 2021. Before then, the rate hikes were a modest 2–3%/yr, which paired with inflation and never made the news. Now, with oil prices and AI data centers looming, it only threatens to get worse.
The 30% federal tax credit for Solar was abruptly cut this year. That means the price to purchase your own system is now 30% higher than it was last year. However, for a commercially owned system (the PPA), the tax credit is still available through 2027. The reason we can beat your rate is because we are subsidized by the same 30% rebate you can no longer get yourself.
Get in Touch
My name is Parker. I've been working in the Greater Portland residential Solar market for 9 years. If you'd like a call from me to briefly discuss your home's potential for this program, please provide a few windows you have Monday–Friday, or Saturday if that's all you can do. I will confirm and call you then with a few questions. It's up to you to decide after that if you'd like a free assessment for your home.
Serving the Greater Portland, OR area
Common Questions