Solar Power Purchase Agreements in Minnesota
Understanding Power Purchase Agreements in MNBusinesses of any kind in every sector as well as state, county and municipal government units throughout Minnesota can convert to solar powered energy systems without tying up funds in a capital investment, or having any operating and maintenance costs, while cutting what they pay for electricity as they reduce their carbon footprint. It is done by using a Power Purchase Agreement (PPA). With a PPA, Cedar Creek Energy does the design, permitting, financing, installation and ongoing maintenance for the solar energy system on your property under a contract that runs for 15-to-20 years. We then sell the electricity you use to you at rates that often are lower – and never higher – than those available through your local utility. At the end of the contract, you may either renew it or cancel it in which case Cedar Creek Energy removes the installation.
Who Can Benefit From a Power Purchase Agreement?
Minnesota Farms + Agriculture
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Cities + Municipalities
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Commercial Real Estate
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Governments
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Multifamily Housing
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Manufacturing + Distribution
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Retail + Small Business
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Schools + Universities
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Our Solar Equipment
Your Roof/ Property
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6 Benefits to Power Purchase Agreement Users in MN
With a Cedar Creek Energy solar panel system, businesses and governments using a PPA obtain six key benefits:
$0 - No Cost to You
Embracing solar energy with Cedar Creek Energy comes with the unique advantage of zero upfront costs for businesses and government entities. The entire process, from assessing the required installation size to design, installation, and integration, is absorbed by Cedar Creek Energy. This means businesses can transition to sustainable energy without the burden of initial expenses.
Lower Energy Costs
Cedar Creek Energy offers businesses and governments a fixed, predictable price for electricity throughout the contract’s duration. This fixed rate is often substantially lower than projected increases from conventional electricity sources, whether privately-owned or public utilities. This not only ensures stability in energy costs but also significant long-term savings.
Zero Risk
Opting for Cedar Creek Energy’s solar solutions means entrusting every aspect of the solar energy installation’s performance and operational risk to the experts. From design to operation, Cedar Creek Energy takes responsibility for the system’s efficiency and any potential risks over the life of the contract, providing clients with peace of mind.
No Upkeep
The beauty of Cedar Creek Energy’s solar installations lies in hassle-free maintenance. Regular inspections and maintenance are conducted by Cedar Creek Energy’s skilled crews, eliminating the need for in-house training or dedicated personnel to ensure the system’s optimal functioning. Any reported issues are promptly addressed by Cedar Creek Energy’s responsive teams.
Leverage Available Tax Credits
Cedar Creek Energy’s expertise allows for the efficient utilization of federal and state tax credits, especially advantageous when working with government entities. By offering a low-cost solar energy system through a Power Purchase Agreement (PPA), Cedar Creek Energy maximizes tax benefits. For private companies, these tax advantages directly translate into lower overall operating costs for the solar system.
Enhances Your Property Value
While the value addition might not be a priority for government entities, commercial and multi-unit residential property owners stand to benefit significantly. Numerous cases showcase that the installation of a solar energy system contributes positively to property values. This adds a valuable dimension for owners looking to enhance the appeal and market value of their commercial or residential real estate holdings.
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Maximizing Efficiency and Savings: Unlocking the Potential of Commercial Solar PPA
Embracing the future of sustainable energy, Commercial Solar Power Purchase Agreements (PPA) with Cedar Creek Energy offer businesses a seamless pathway to harnessing solar power while staying at the forefront of technological advancements. With a focus on cutting-edge technology, transparency, and flexibility, Commercial Solar PPA arrangements empower businesses to navigate the evolving landscape of solar energy.
Driving Your Solar Energy System with Cutting-Edge Technology
In the realm of solar energy, staying abreast of technological advancements is key to optimizing system performance. When entering a Commercial Solar PPA with Cedar Creek Energy, businesses can rest assured that their solar power systems continually leverage the latest technological improvements. As the owner, maintainer, and operator of the solar system, Cedar Creek Energy takes on the responsibility of ensuring that the system always benefits from advancements in underlying technology.
The advantage of a Commercial Solar PPA lies in the hands-off approach for businesses. Unlike traditional ownership models where businesses would need to navigate internal approvals for upgrades, a PPA with Cedar Creek Energy streamlines this process. Upgrades are seamlessly executed when deemed beneficial for the specific situation and installation, eliminating the need for businesses to undergo lengthy internal procedures.
Scalability for Growing Businesses
Business expansion often translates to increased energy demands. With a Commercial Solar PPA, the seamless scalability of your solar energy system is a notable advantage. Cedar Creek Energy conducts thorough assessments to understand the evolving needs of a growing business. When expansion is on the horizon, the solar energy system is upgraded accordingly to accommodate the additional demand for electricity.
Unlocking the Benefits of Commercial Solar PPA
Cedar Creek Energy’s extensive experience in installing over 500 solar panel systems across various sectors positions them as a leader in facilitating Commercial Solar PPA agreements. The benefits extend beyond ownership models, offering businesses an economically viable and environmentally responsible solution for their energy needs.
If you’re eager to explore how a Commercial Solar PPA can revolutionize your energy strategy, connect with Cedar Creek Energy. Their experts can guide you through the intricacies of the process, providing insights into the financial advantages, environmental impact, and long-term sustainability associated with Commercial Solar PPA arrangements. Contact us to start your journey towards a more efficient and sustainable energy future for your business.
In a world where technology evolves rapidly, Commercial Solar PPA ensures that businesses stay on the cutting edge, harnessing the power of the sun efficiently and responsibly.
Power Purchase Agreement Blog Posts
FAQs About Solar Power Purchase Agreements in MN
What is a Solar Power Purchase Agreement (PPA)?
A Solar PPA is a financial arrangement where a third-party solar provider installs and maintains solar panels on a property. The property owner purchases the generated energy at a predetermined rate, often lower than standard utility rates, providing access to solar energy without upfront costs.
How does a Solar PPA work in Minnesota?
In Minnesota, a business partners with a solar provider like Cedar Creek Energy. The solar provider installs and maintains the panels, and the business purchases the generated energy from the provider at an agreed-upon rate, usually fixed over the contract term.
What are the benefits of entering into a Solar PPA for businesses in Minnesota?
Businesses benefit from reduced energy costs, positive environmental impact, and the ability to adopt solar without the upfront investment. Additionally, solar PPAs often provide fixed energy rates, shielding businesses from utility rate fluctuations.
Are there any specific eligibility requirements for businesses to participate in Solar PPAs in Minnesota?
Eligibility criteria can vary, but generally, businesses need to have a suitable property with available space for solar panels and meet certain creditworthiness standards.
How long is the typical term of a Solar PPA in Minnesota?
The typical term for a Solar PPA in Minnesota is around 20 to 25 years. However, the term can be tailored to the specific needs and preferences of the business.
What is the process for installing and maintaining the solar panels under a Solar PPA?
The solar provider handles the entire process, from design and permitting to installation and maintenance. Businesses simply agree to purchase the generated energy, while the provider handles system upkeep.
How is the electricity generated from the solar panels billed and accounted for in a Solar PPA?
The solar provider meters the energy production and bills the business based on the energy consumed from the solar system. Any excess energy generated beyond the business’s consumption may be credited or purchased by the utility.
What happens at the end of the Solar PPA term in Minnesota?
At the end of the term, businesses usually have options to renew the agreement, purchase the system, or have the provider remove the panels. Renewal terms and buyout options are typically outlined in the contract.