Going solar isn’t just possible, it’s easier than ever.
hospitals can always benefit from a little extra money in the budget. The problem is finding it.
What if we told you we could find it for you: without making cuts anywhere, without the need for grants, and without organizing a fundraiser. With New Legacy Power, you’ll start saving money right away with no upfront costs.
Using a Power Purchase Agreement (PPA), a solar installation dedicated to your hospital can save a significant amount of money in the first year. That’s money that can go right back to serving clients or patients. And much-needed updates to your nonprofit’s or hospital’s infrastructure.
If a solar installation can save a program, an administrator’s job, or offer more services at your hospital, due to reduced energy costs, then we’ve done what we set out to do.
New Legacy Power team and its partners have successfully been able to optimize financing structures, which can be customized for each project and client. New Legacy Power has relationships with lenders to facilitate small to large transactions ranging from $1,000,000 to upwards of $100,000,000.
Solar With No Upfront Capital Cost
New Legacy Power utilizes a Power Purchase Agreement (PPA) that allows you to obtain your green energy objectives and realize substantial savings with no capital outlay.
Benefits of a PPA
• No upfront capital costs
• Savings start immediately after installation becomes operational
• Fixed-rate over 20 years so you know exactly how much you’ll be saving.
DO YOU HAVE MANY LOCATIONS BUT NEED ONE DIRECT ENERGY SOURCE?
IF SO WE HAVE THE ANSWER AND ITS CALLED A VIRTUAL PPA.
WHAT IS A VIRTUAL PPA?
A Virtual PPA is a contract structure in which a power buyer (or offtaker) agrees to purchase a project’s renewable energy for a pre-agreed price.
In this agreement, the utility-scale solar project receives the market price at the time the energy is sold. If the market price is greater than the fixed VPPA price, the offtaker/buyer receives the difference.
If the market price is less than the fixed VPPA price, the offtaker/buyer pays the project to make up the difference. In this way, a Synthetic PPA acts as a financial hedge against volatile electricity prices. Typically, the buyer receives the project’s Renewable Attributes, or Renewable Energy Certificates (RECs). Because there is no physical delivery of power, the VPPA is a great option for large electricity consumers with a fragmented/distributed electric load to support the development of new renewable energy resources.
