As solar has entered the mainstream in the past decade, corporations and institutions with large energy bills have started to realize how much money they can save by switching to solar power. There’s already a strong case for residential rooftop solar, but you can make an even more convincing argument for solar in the commercial sector where prices are lower and overall savings can be dramatic. Schools, Universities and Hospitals can always benefit from a little extra money in the budget. The problem is finding it.
What if we told you we could find it for you: without making cuts anywhere, without the need for grants, and without organizing a fundraiser. With Louth Callan Renewables, you’ll start saving money right away with no upfront costs. Using a Power Purchase Agreement (PPA), a solar installation dedicated to your school or hospital can save a significant amount of money in the first year. That’s money that can go right back to serving students or patients. And much needed updates to your school’s or hospital’s infrastructure.
If a solar installation can save a program, a teacher’s job, or offer more services at your hospital, due to reduced energy costs, then we’ve done what we set out to do.
Solar With No Upfront Capital Cost
For schools and hospitals, Louth Callan Renewables utilizes a Power Purchase Agreement (PPA) that allows you to reach your green energy goals and realize substantial savings with no capital outlay. The relationship is beneficial since schools do not have the ability to monetize current tax credits and the PPA allows them to make significant investments with only an obligation to purchase the electricity generated at a reduced fixed rate for the term of the PPA.
Benefits of a PPA
- No upfront capital costs
- Savings start immediately after installation becomes operational
- Fixed rate over 20-25 years so you know exactly how much you’ll be saving
- Eliminate Energy Cost Volatility
- Limited Risk