A Power Purchase Agreement is a way for energy users to achieve zero carbon emissions overnight, and zero energy costs after a number of years.
In simple terms, we install a solar power system on your roof and you buy the electricity it generates.
It means you can enjoy solar without spending any money up front, reduce your emissions and save money with the same pay-as-you-go model you're used to. Some providers call it 'Solar As A Service'.
When the sun shines, you buy low cost power from the panels that we install at our cost. Through the night, you buy power from the grid like normal. A cloudy day is a mixture of the two.
We do all this using a Power Purchase Agreement (PPA).
In summary;
If you are a renter and you needed to move out, you have a number of options:
Renters can also take advantage of lower rates without needing to enter an agreement with us if they can negotiate with their landlords to sign up instead. This is often a good idea for landlords as they will receive:
During the term of the agreement, we will collect any government rebates and any income from exporting excess electricity to the grid. These offset the cost of the investment and reduce your monthly bills.
At the end of the agreement when the assets are transferred to you, any rebate or energy export income can be collected by you.
As much as we love solar, the know sun doesn't always shine. We have 2 ways to overcome this.
1. Stay connected to the grid
You will continue to receive a monthly bill from your current retailer, it will just be a lot smaller. If you'd like we're able to manage this bill for you so you only get one bill per month.
2. Batteries
If you don't have a connection to the grid, or you want to avoid blackouts, batteries are a great option. We can include them as part of your agreement. Many of our customers prefer the option of staying connected to the grid because it's cheaper. But as the price of batteries comes down over time, this will become a more attractive option. Staying connected to the grid is the best option, even with batteries.
Also, for larger installations that generate excess power (for examples schools during holidays) batteries enable short term storage so electricity can be sold to the grid at the time of day with the highest prices.
As part of the installation of the solar system, we include a smart meter of our own. It tells two things:
Firstly, it helps us create accurate monthly billing based on your energy consumption.
Second, we use it to monitor the health of the system, and send us off alerts if things go wrong. Often we'll know about a problem before you do. This enables us to organise either a fix or a replacement quickly and smoothly.
We invest in electricity production, but we don't install the systems ourselves. We instead use local, certified installers around Australia. We are free to use any particular products. If you have a preference we'll review their suitability, and if they meet our minimum standards, we'll be happy to incorporate them into the investment associated with your agreement.
Please contact our sales team to have us design a proposal and we'll share the contract T&Cs with you once the project scope is confirmed.
If this model sounds interesting, please give us a call on 02 8226 8616, email us at hello@upstreamenergy.com.au, or complete the form below.
If you are able to send us a recent power bill, it will give us all the details we need to send you an obligation free proposal. See the upload button in the form below.
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