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Is PurePower a Power Purchase Agreement (PPA)?

April 26, 2017Agreement power PPA purchase purepower

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Is PurePower a Power Purchase Agreement (PPA)?

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Yes, PurePower is SolarCity’s residential PPA financing option. It is an agreement between you and SolarCity, where SolarCity covers the full cost of a solar system at your home and in return, you agree to buy the power produced by the system. This allows you to avoid a large upfront cost. You will be “locking in” your electricity rate for the next decade. No matter how much the cost of utility electricity rises, you can rest assured that your PurePower rate is fixed and predictable for years to come!