Who will own the solar system in the case of a PPA-financed system?
The third-party owner takes responsibility for operations while retaining incentive benefits.
In a typical Power Purchase Agreement (PPA), a third party owns and operates the solar system. The owner handles all operations and maintenance (O&M) activities to ensure proper system performance throughout the contract term.
The system owner retains all applicable incentives and rebates, including the federal solar Investment Tax Credit (ITC) and state-level rebates. You benefit from lower electricity rates negotiated in the PPA, typically discounted below utility rates. The owner assumes maintenance and performance risk.
This structure allows you to enjoy solar energy savings without managing the system or pursuing complex tax filings. The owner benefits from incentives while you benefit from stable, lower-cost electricity.