Heat and Power Purchase Agreement
The Heat & Power Purchase Agreement (HPPA), available in varying durations, provides renewable solar electricity and hot water heating at guaranteed rates. Under the terms of the agreement, Cogenra Solar handles all design, financing, installation, maintenance and support for the system, including managing solar rebates and other government incentives:
- Design: optimized for customer’s facility and operations needs.
- Construction: eliminating the need to make capital investments or manage permitting and contractors.
- Operations & Maintenance: providing all necessary maintenance, upgrades, repairs and insurance.
- Incentives and Tax Credit Management: as system owner, Cogenra manages all filings for solar tax credits and government incentives.
- Metering and Billing: Cogenra meters solar output and bills monthly for the energy produced.
- REC Management: Cogenra manages the distribution of Renewable Energy Credits as agreed upon with customer.
Cogenra’s HPPA model makes integrating a solar cogeneration system simple and affordable, saving customers money on energy bills from day one and eliminating upfront financial burden and long-term maintenance requirements.
Under an HPPA, Cogenra owns and operates the solar cogeneration system and sells the energy directly to the customer at a pre-negotiated price. This ownership structure was developed to provide customers with the benefit of predicable long-term energy costs without upfront cost or debt and without ongoing operational responsibilities.
To inquire about a site evaluation, email sales@cogenra.com
Purchasing or Leasing a Solar Cogeneration System
For customers wishing to own their system, solar cogeneration is a smart investment opportunity, providing energy cost savings that start on day one and continue for decades. In addition to saving money, adopting Cogenra Solar’s electricity and hot water cogeneration systems reduce a business’ carbon footprint. It’s simple: an environmentally sustainable solution that maintains low, long-term energy costs.
Cogenra offers a variety of lease options, as well as long-term debt offerings available through select finance partners. Under a solar tax lease, customers (the solar system “Host”) receive solar incentive payments, utility savings and Renewable Energy Credits (RECs) while the banking institution utilizes various tax benefits (e.g. ITC, accelerated depreciation) to reduce the required monthly lease payments. Most Cogenra solar leases can be completed without upfront investment from the host and with positive cash flows from day one. An additional benefit of a solar lease is that the customer takes outright ownership of the system at the end of the lease term, with early buyout options also often available.
With customized financing solutions combined with a range of applicable solar incentives, including a 2011-only treasury grants for solar program that pays for 30 percent of a system’s cost and the highest-ever regional solar thermal rebates, now is the time to go solar with Cogenra.
