Power Purchase Agreement Solar Virginia

Leasing solar panels with a power purchase agreement ppa a recent development in the solar financing industry was the creation of a power purchase agreement wherein a financier finances the installation and the homeowner pays them in return over 20 years through a new kwh payment structure.

Power purchase agreement solar virginia.

An act to direct the establishment of a pilot program for third party power purchase agreements. Navisun a solar independent power producer will finance build own and operate the projects. On march 18 2013 governor bob mcdonnell signed into law power purchase agreement ppa legislation directing the state corporation commission scc to conduct a solar and. The original intent of the norfolk solar qoz fund was to mitigate the energy burden of low income home owners.

A solar power purchase agreement sppa is a financial arrangement in which a third party developer owns operates and maintains the photovoltaic pv system and a host customer agrees to site the system on its property and purchases the system s electric output from the solar services provider for a predetermined period. The clean energy produced by the two new solar projects in chatham will be sold under power purchase agreements to danville utilities an electric municipal utility serving more than 42 000 customers in three virginia counties. Virginia shines a glimmer of light on renewables by passing a wind and solar pilot program after a surprising about face by dominion power in supporting ppa legislation in 2013. Anthem also has a similar agreement with a solar field in north carolina.

But because of the current limitation on power purchase agreements ppas in virginia we cannot install on private homes via a ppa. Directs the state corporation commission scc to conduct a pilot program in the territory of dominion energy virginia dev permitting third party power purchase agreements. Public schools and other non jurisdictional customers such as municipal buildings libraries town halls landfills jails and wastewater treatment.