What Is a Power Purchase Agreement (PPA)?

The Easiest Way to Go Solar With $0 Down

For many homeowners, the biggest obstacle to going solar isn’t interest — it’s the upfront cost. Solar panels, installation, and equipment can add up quickly, even when the long-term savings are significant.

A Power Purchase Agreement (PPA) changes that.

A PPA gives you all the financial benefits of solar power without having to buy a system. It’s one of the simplest and most affordable ways to lower your electric bill, reduce your carbon footprint, and make your home more energy efficient right away.

How a Solar PPA Works

A PPA is an agreement between you and a third-party solar provider. GreenLogic designs and delivers the highest-quality installation in the market. The third-party owner (TPO) owns and maintains the system. You simply purchase the electricity it produces at a lower rate than your utility company.

In other words:

• You get the signature GreenLogic installation
• You pay nothing upfront
• You pay only for the energy the solar system produces
• Your energy rate is lower than your current utility rate

If your utility charges 26 cents per kilowatt-hour and your PPA rate is around 16 cents, the savings begin immediately. If the PPA rate is fixed, those savings continue to grow as utility rates increase over time.

GreenLogic offers the least expensive PPA option in the market today. Your new energy cost can be as low as $0.16 per kilowatt-hour, with no annual escalator. If any other solar provider has mentioned a higher rate or an escalator, call us today: 631.771.5152

Why PPAs Are Growing in Popularity

PPAs exist because federal incentives — specifically the 30% tax credit previously available to homeowners — have expired. When a commercial entity (the TPO) owns the solar system, they assume the cost of installation. The homeowner simply purchases the solar energy produced by the system.

This allows providers to offer homeowners lower electric rates and zero-cost installation.

For families who want the benefits of solar without the upfront price tag, the PPA model makes clean energy more accessible than ever. Homeowners can reduce electric bills, increase energy stability, and improve their home’s financial performance — all without paying for a solar system out of pocket.

As an added benefit, homeowners may also qualify for the New York State Tax Credit of up to $5,000.

Key Benefits of a Solar PPA

1. No Upfront Cost
Homeowners do not pay for equipment, installation, or permitting. Everything is covered by the provider.

2. Immediate Savings
Most customers save approximately 25–35% on the solar electricity produced, starting in the first month.

3. No Maintenance or Repairs
The provider is responsible for monitoring, servicing, and maintaining the system for the entire contract. If the system underperforms, a production guarantee applies.

4. Lower Energy Costs
Utility rates rise year after year. A PPA locks in a dependable, discounted energy rate.

5. Cleaner Power for Your Home
You receive the environmental benefits of solar without the responsibility of owning the panels.

Why Timing Matters

Due to current federal legislation, PPAs are available for a limited time. As the deadline approaches, demand for PPAs is expected to increase rapidly. For homeowners interested in a no-cost path to solar, this is an ideal time to act.

Is a PPA Through GreenLogic Right for You?

A Power Purchase Agreement may be a great fit if:

• You want the best installation in the market
• You want to reduce your electric bill without a large upfront investment
• You want access to clean, renewable energy
• You prefer lower, more predictable monthly electric bills

If you meet these criteria, a quick evaluation can determine whether your home qualifies.

The Process: Simple and Seamless

Contact us for a free evaluation.

The entire process is designed to be hassle-free and financially beneficial from day one.

A Simple Path to Cheaper, Cleaner Power

A Power Purchase Agreement removes nearly every barrier that has traditionally made solar feel out of reach. With no upfront cost, guaranteed savings, and full-service maintenance, a PPA offers a straightforward and financially sound way to switch to solar power.

GreenLogic offers the least expensive PPA option in the market today. Your new energy cost can be as low as $0.16 per kilowatt-hour, with no annual escalator. If any other solar provider has mentioned a higher rate or an escalator, call us today.