Oregon Power Purchase Agreement

Portland General Electric has entered into a contract with Avangrid Renewables to purchase electricity from a new 162-megawatt solar facility in Oregon. Yours: they buy it, claim all the incentives and tax credits, and hold it forever. About half of its own systems are purchased directly with cash and half are financed by credit. Most loans are real estate lines of credit. Most systems pay between 5 and 10 years. After that, the household benefits entirely from free electricity. As a long-term investment, owning a system is generally more financially sound than solar durch einen Solar-Leasing- oder Stromkaufvertrag, although all options will save you money in the long run. Source: www.oregon.gov/energy/energy-oregon/Pages/Renewable-Portfolio-Standard.aspx A direct electricity mooring contract (« PPA ») refers to an agreement between a customer and a generator in which the customer sources electricity from a local solar facility. It is a simple vanilla structure and very often for solar projects. Avangrid Renewables will develop the project and PGE will acquire all of the plant`s production for 15 years. This will be Avangrid Renewables` eleventh renewable energy facility in Oregon. Construction is expected to begin in late 2020 or early 2021 and enter service at the end of 2021. The solar system — the largest in the state — is being developed in eastern Oregon.

It will provide electricity and credit to PGE Green Future Impact customers. Green Future Impact is a voluntary program that gives large businesses and municipalities more opportunities to achieve their sustainable development goals. Green Future Impact customers are Adobe, Comcast, Daimler Trucks North America, Digital Realty, Oregon Health – Science University, Portland Community College, Portland State University and the cities of Beaverton, Hillsboro, Lake Oswego, Milwaukie, Portland, Salem, West Linn and Wilsonville, as well as Multnomah and Washington County. An AAE is an agreement between a supply company and a generator in which the supply company buys electricity from a solar facility connected to the supply network. In addition to purchasing power, it is customary for a utility to purchase credits for renewable energy or UCs. PPP: Homeowners do not purchase the system, but buy electricity generated by the system (probably at a lower price than local utilities). In both cases, you retain the government tax credit, whether you own or lease the system. If you purchase the system directly (with or without a loan), you will also receive the Energy Trust incentive and the federal tax credit.

Under a lease or AAE, the leasing company would retain all incentives other than the public tax credit. The leasing company is also able to take the amortization value of the system. Make sure the rental company will provide you with the system`s cost documentation and request a pre-certification. The contract must have a minimum term of 10 years in order to qualify for the government tax credit. Power lease or purchase agreement (AAE): A third-party company owns and installs the system and has reached an agreement with the building owner on the costs of purchasing the energy produced. The third party uses incentives and tax credits for the system, while the owner of the building or home displays his support for clean and renewable solar energy.