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Power Purchase Agreement (PPA)
A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost. After the installation, the developer then sells the energy back to customer at a fixed rate. This way, customers get the benefits of a cheaper electric bill and smaller carbon footprint, but they’ll pay for it over time instead of making a major up-front investment that will cost them a sizable price tag and lots of time.
At LHN, customers don't have to pay any upfront investment or maintenance costs, and our prices are fixed low in the long run. Customers will notice a steep decrease in their monthly electricity bill in the coming month after the installation of solar panels.