Finance
RenFree Power Purchase Agreement (PPA)
For businesses with high electricity usage, a Power Purchase Agreement can save thousands on energy bills. We build your solar carport, and you only pay for the energy you use - at a lower-than-market rate.
Our Power Purchase Agreement is called RenFree and it enables you to run your business with green solar energy, with free installation, free asset management (maintenance) and a guaranteed reduction in your energy cost.
As decisionmakers and consumers increasingly choose brands with a clear environmental sustainability commitment, you can obtain a competitive advantage for your business without incurring the upfront capital cost.
RenEnergy installs a solution at your premises, which we insure, operate and maintain, while your business procures electricity from us at a predetermined preferential rate. You therefore have no upfront capital outlay nor any other expenses associated with the solar solution.
Apart from a no-hassle approach to procuring green energy, we also include a simple and cost-effective buyout and takeover clause allowing you to terminate the agreement at predetermined rates when entering into a RenFree agreement.
Don’t worry if it sounds complicated, our consultants will explain everything and help you determine whether RenFree is a good option for your business. We can calculate your potential savings and show you what a carport installation would look like on your premises. Simply request a chat below.
Other means of financing your solution
We will guide you through the options. Note that we don’t give loans, however, we can offer some guidance.
Commercial bank funding
Commercial financial institutions offer competitive finance options and instruments designed specifically to finance your solar energy solution. We will ensure that you comply with all of the requirements from the financial institutions.
Self-funded
You own your own solar energy solution using surplus funds available within your business. RenEnergy provides a turnkey installation with full commissioning and handover of the solution to the owner after construction has been completed. In this model, the entire investment and related insurances are typically paid by the owner, and RenEnergy could be contracted for Asset Management (ongoing operations, monitoring and maintenance). When choosing to follow the equity investments/self-funded route, you will typically have large electricity cost savings from the onset of the project and you will have control over your own future energy tariff increases. We can provide costing information for financial year budgeting. Businesses may benefit from tax allowances, based on their specific tax position, making the investment more viable.
RenFree PPA offers a sustainable and innovative financial solution for the renewable energy sector. With expertise and experience, we empower businesses to transition towards a greener future.
Curious?
Let’s talk about your business’ energy needs and power purchase agreement suitability.
Request a chat
We are commercial and industrial solar experts. We do not do residential installations and do not offer loans.
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