Your Guide to Commercial Solar & More
PPA FAQ
A PPA is a long-term contract between a power producer and a buyer, allowing the buyer to purchase electricity at predetermined rates. It often enables businesses to install renewable energy systems like solar panels without upfront costs.
Under a PPA, a third-party provider installs and maintains the renewable energy system on your property. You buy the generated electricity at a set rate, ~20% lower than traditional grid prices.
Benefits include zero upfront costs, predictable energy pricing, reduced electricity bills, and access to renewable energy without the responsibility of system ownership and maintenance.
Yes, PPAs typically have contract terms ranging from 10 to 25 years, although specific terms can vary based on the provider and the project. Ours are generally 10-15 years.
Most PPAs have fixed pricing or include escalation clauses, meaning your rate may be locked in for the duration of the contract. If market prices drop, you will still benefit from stability in your energy costs and the agreed % marked down
Early termination is usually possible but may involve fees or a buy out. It’s important to review the specific terms of your PPA for details.
Maintenance of the solar system will be addressed be IRPC’s responsibility. This includes monitoring system performance and conducting repairs as needed.
Generally, the installation of solar panels through a PPA does not increase your property taxes since you do not own the system. However, the laws could change.
Yes, you will still have access to the grid for additional power needs. The solar system will supplement your energy consumption, especially when the sun isn’t shining.
Businesses, non-profits, and institutions that have suitable roof space or land for solar installations can typically enter into a PPA. Eligibility may depend on factors such as energy consumption and financial stability.
At the end of the contract, you may have options such as renewing the agreement, purchasing the solar system at a fair market value, or having the system removed.
Solar Panels
Solar panels convert sunlight into electricity using photovoltaic cells. When sunlight hits these cells, it creates an electric current.
The main types are monocrystalline, polycrystalline, and thin-film panels. Monocrystalline panels are more efficient but typically more expensive.
Savings depend on energy consumption and the size of the solar installation, but many homeowners see reductions in their electricity bills of 50% or more.
Most solar panels have a lifespan of 25-30 years, with warranties covering performance for a significant part of that time.
Power Purchase Agreements (PPAs)
A PPA is a contract where a solar developer installs and maintains solar panels on your property, and you agree to buy the electricity generated at a fixed rate.
Benefits include no upfront costs, fixed electricity rates, and professional maintenance by the solar provider.
PPAs may limit your ability to take advantage of tax credits or grants, and they usually involve a long-term commitment.
Electric Vehicles (EVs)
Solar panels can charge EVs at home, reducing fuel costs and increasing the environmental benefits of driving electric.
Yes, you can set up a system to charge your EV directly from your solar panels, maximizing your energy efficiency.
Incentives may include grants, tax credits, and lower electricity rates, depending on local regulations.
Funding and Incentives
Funding options include grants from the SEAI (Sustainable Energy Authority of Ireland), low-interest loans, and various local schemes or our Power purchase agreements.
Currently, there are no VAT exemptions, but you may be eligible for other local incentives, such as grants or rebates.
Options include personal loans, PPAs, and leases, allowing for flexibility depending on your financial situation.
The SEAI grant supports solar panel installations with financial assistance. Applications can be made online through the SEAI website.
This FAQ aims to address common questions and concerns regarding solar energy and its integration with EVs, financing options, and the benefits of solar panels in Ireland.