Leasing / PPA for Solar Power

Vancouver Renewable Energy (VREC) now offers a leasing option for commercial systems sized from 30kW – 130kW. The lease functions as a power purchase agreement (PPA) with the payment determined by the actual electricity generated. You only pay for power the system produces.  There are no upfront costs.

For buildings seeking LEED certification, these systems may qualify for the On-Site Renewable Energy Credit (EAc2). The initial annual lease cost would be equivalent or less than the cost of obtaining the credit for off-site renewable energy through REC purchases.


How the PPA Works

Solar installed with no upfront costs.

And no maintenance or service costs.

Only pay for the power produced

Eliminates risk of equipment or site problems

Rate increases when utility rate increases but only at 50% of the utility increase

Savings increase over time.

PPA Requirements

At least 33,000 kWh / year electrical consumption

At least 360 m2 (4,000 sq ft) clear and unshaded (roof top or ground)


What is the rate that I would pay?

It varies from depending on the size of the system and other factors.  Please contact us for an accurate quote.

What about maintenance and service?

A third party retains ownership of the system and is responsible for all maintenance and service.

What if the system doesn’t produce power or doesn’t perform well.

You only pay for the power produced.  It is like a performance guarantee.