Through the Sustainable Energy Fund’s Nonprofit Power Purchase Agreement Program, nonprofits can benefit from purchasing clean energy like thousands of commercial businesses and homeowners.
Sustainable Energy Fund will assist you in:
- Selecting an appropriate renewable energy system
- Reviewing technical documentation
- Confirming production estimates
- Focusing your resources on you mission, not your energy bill
What is a Power Purchase Agreement?
A Power Purchase Agreement (PPA) is a contract between your organization and Sustainable Energy Fund, where SEF owns and operates the renewable energy system installed on your property. The electricity generated by the system is purchased by your organization through a long-term contract, typically from ten to twenty-five years.
Under the Energy Policy Act of 2005, Power Purchase Agreements have enabled businesses, schools, churches and more to purchase electricity directly from the generator rather than from the utility.
This purchasing alternative provides the customer with a fixed, predictable cost of electricity over the length of the contract without the additional costs of purchasing and maintaining the solar photovoltaic, micro hydro or wind system.
Why Choose a Power Purchase Agreement?
As a nonprofit, we recognize that you may have scarce financial resources, making it difficult to fund energy retrofits while also funding and fulfilling your mission. The Power Purchase Agreement will enable you to fund these improvements without sacrificing your ability to fulfill your mission.
Some of the benefits of choosing a PPA include:
- No upfront capital cost
- Predictable electricity prices
- No system performance or operating risk
- Visibly demonstrable environmental commitment