PUB 700457: Third Party Power Purchase Agreements by Terri Benincasa
NEW ARTICLE
Florida - the "sunshine state" - is now one of only five states that don't allow third party PPA's. This is not only outdated law-making, but saddles citizens with higher energy costs as a result.
PPAs are now the preferred way to do 3rd-party solar, because under a PPA you only pay for exactly the electricity produced. That’s good for consumers because solar panels deteriorate by tiny amounts over time. By year 20, we get only 80-85% of the electricity generated at the start.
Thus, with a PPA, we will have access to clearn energy plentiful here in Florida, but pay only for the energy produced (vs. solar panel leasing, which compels full payment up front, while getting less electricity over time).
Because PPAs are the more common way to get $0-down solar, 45 states have opened this excellent energy source affordably to their citizens.
It's past time Florida to the same.
Whether or not one believes human activity has exacerbated climate change, it simply makes sense to open up cleaner forms of energy.