Solar Financing
Powermeg initiated a solar panel installation program, allowing homeowners to install solar panels on their roofs without having to pay for them upfront. Instead, the homeowner enters into a PPA with Powermeg, electrical consulting company. Under the terms of the PPA, the homeowner agrees to purchase the energy generated by the solar panels at a discounted rate, usually for a period of 12-25 years. The council benefits from the PPA by receiving a steady stream of income.
Example, the council buy excess power generated by the clients at a fix rate and resell it at the council rate. Additionally, the homeowner benefits from the PPA by locking in a lower energy rate, reducing their overall electricity costs, and potentially increasing the value of their home. As the solar panels generate clean and renewable energy, the homeowner also enjoys lower electricity rates as well as preventing his own loadshedding and reducing their carbon footprint.
Overall, a solar panel installation program with a PPA can benefit all parties involved, resulting in clean energy, cost savings, and reduced carbon emissions.
Financing Options
- Bond
- Private Loan
- PPA (Power Purchasing Agreement)
- COD (cash on delivery)
- Rental