Understanding Third-Party Ownership Financing Structures for Renewable
This SPPA template document was developed by a group of solar developers, law firms, and other interested parties in the solar energy space. It represents a consensus around
In the PPA model, the solar energy system offsets the customer's electric utility bill, and the developer sells the power generated to the customer at a fixed rate, typically lower than the local utility. Below are resources to help you understand third-party ownership financing structures as a means to facilitate your solar project development.
Third-party financing is a well-established financing solution in the United States, having emerged in the solar industry as one of the most popular methods of solar financing. Third-party solar financing predominantly occurs in two forms: solar leases and power purchase agreements (PPAs).
The National Renewable Energy Laboratory's fact sheet provides guidance to universities on the process of using PPAs and how PPAs can make economic sense for campus solar deployment. This document can support university stakeholders charged with the financial planning of campus solar projects.
This map of the United States shows which states and territories authorize the third-party PPAs for solar PV, which includes at least 28 states (plus Washington, D.C., and Puerto Rico). This map and information are provided as a public service and do not constitute legal advice.
PDF version includes complete article with source references. Suitable for printing and offline reading.
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