PPAs provide a means to avoid the upfront capital costs of installing a solar PV system as well as simplifying the process for the host customer. In some states, however, the PPA model faces regulatory and legislative challenges that would regulate developers as electric utilities. A solar lease is another form of third-party financing that is very similar to a PPA, but does not involve the sale of electric power. Instead, customers lease the system as they would an automobile. In both cases, the system is owned by a third party while the host customer receives the benefits of solar with little or no up-front costs. These third-party financing models have quickly become the most popular method for customers to realize the benefits of solar energy. Colorado, for example, first entered the market in 2010 and by mid-2011 third-party installations represented over 60% of all residential installations and continued to rise to 75% through the first half of 2012. This upward trend is evident throughout states that have introduced third-party financing models.
A power purchase agreement is for anyone that does not want to have to worry about paying thousands for a solar system. This could be a business that would rather keep the cash in the company for a safety net, it could be pensioners who cold not get approved on finance, it could be homeowners who never want to stress about the ongoing maintenance and costs of owning a solar system. It is a simple RISK FREE way of cutting your power bill in half without spending a cent.
The typical savings we see across SEQ is 20% in the worst case scenario for heavy night time users and up to 50% savings for people who are home most of the day. The average Australian household spends $1650/year on electricityt his could mean a potential saving of $800/year without actually spending a cent.
The solar system will need to be paid out to release the PPSR over the property. The price of the system is calculated pro rata over the 10 years @ $1/watt. For example a 6.6kw system at the start of the PPA will cost $6,600 and after 5 years will cost $3,300 to pay out.
You will continue to purchase power from your original energy retailer after hours at their set rate. The energy you consume during the day will be off-set by the solar system and you will be charged 12c/kwh for the generation from the solar panels.
This is a way for you to save time by never worrying about paying the new power bill with Akcome. Through the use of AI (artificial intelligence) the power bill will be calculated automatically and charged @12c/kwh and billed each ninety day (90) cycle. Your information is kept extremely private and confidential.
Yes you will have access to the 24/7 inverter app on your phone through the home wifi.
Akcome Power will source only tier 1 panels and components. This means only the best system will be installed and sourced from local suppliers. The benefit of a PPA gives you peace of mind that only top performing materials will be installed on your property.