PPA for Solar Power

Vancouver Renewable Energy (VREC) now offers a Power Purchase Agreement (PPA) option for commercial systems sized from 30kW – 1MW. With a PPA the customer only pays for the electricity generated. There are no upfront costs.

The PPA payments can be less than what you would have been paying the utility for the same power.  This means that the project has an immediate payback – you start saving money from day one.

How the PPA Works

Solar installed with no upfront costs.

And no maintenance or service costs.

Only pay for the power produced

Eliminates risk of equipment or site problems

Rate increases when utility rate increases but only at 50% of the utility increase

Savings increase over time.

PPA Requirements

At least 33,000 kWh / year electrical consumption

At least 360 m2 (4,000 sq ft) clear and unshaded (roof top or ground)

PPA FAQ

What is the rate that I would pay?

It varies from depending on the size of the system and other factors.  Please contact us for an accurate quote.

What about maintenance and service?

A third party retains ownership of the system and is responsible for all maintenance and service.

What if the system doesn’t produce power or doesn’t perform well.

You only pay for the power produced.  It is like a performance guarantee.

 

Sample PPA Projects

Cedar Cottage Co-housing

Apartment Building in Vancouver. Went online in 2015.

Parc Elise

Apartment Building in Vancouver. Went online in 2020.

Tantalus Vineyards

Winery in Kelowna. Went online in 2022.