First off, solar panels placed through Solar Power Purchase Agreements (PPAs) from TGR are free and promise to save you money right away.
Solar PPAs enable you to buy electricity produced by solar panels on your roof as opposed to purchasing it from the power grid. By putting in place insurances and maintenance contracts, we provide a risk-free investment that is fully tax-free and cash flow positive. To engage in a Solar PPA, you do not need to switch your electricity provider. It won't have an effect on how well the property receives power.
Allow us to install a solar panel on your roof and store the electricity it generates.
How is that even possible? Is it more affordable to produce solar energy than to buy it from the grid?
In times of heavy demand or severe weather, any additional power needed to handle the excess electricity produced by the solar panels is withdrawn from the electricity network.
Except for when it's daytime, when the solar system is dormant for a few hours each day, all the electricity used at the location is supplied by the current energy grid. A kWh or a kilowatt-hour can be used to describe each unit of electricity.
You need to acquire proportionately fewer kWh from your present power company for every kWh of solar energy produced.
A MODEL OF HOW POWER PURCHASE TERMS WORK
Currently, COMPANY A uses 200kWh on average every day, with the majority of the energy coming from the day.
COMPANY A is charged $0.30/kWh or 30 cents/kWh. After then, they would be charged $60 ($0.30 x 200kWh) for the energy they consumed on this particular day.
On COMPANY A's land, TGR constructed a 25kWP PV solar system. By doing this, 100 kWh of power will be produced each day, balancing COMPANY A's energy needs.
100 kWh will be billed to the consumer by TGR at $0.20 per kWh. The electricity company will then provide the final 100kWh at a cost of 30c/kWh.
The power provider will send COMPANY A a $30 invoice to pay the cost of the grid electricity they utilized. They will receive a $20 invoice from TGR, which they can use to pay $50 for solar power.
This results in a daily savings of $15 for COMPANY A.
Just picture how it might appear for a month. There are no up-front expenses, and the annual value of COMPANY A is now above $3,000.