With a wide range of financing vehicles now available—including some requiring no up-front capital investment—solar is a way to quickly and significantly reduce one of your biggest and most volatile expenses, the cost of energy. Our clients rely on Spire’s deep understanding of financing vehicles, tax benefits, government incentives, and other options to determine a path that achieves specific financial goals, satisfying your appetite for return and risk.
While every client’s situation is unique, the cost savings possible from solar energy are significant. The following chart demonstrates the savings a Massachusetts-based company, currently paying $.12/kWh for electricity, would enjoy from a 1 MW system over the course of a 20-year Power Purchase Agreement (PPA), one of the many financing options Spire makes available to our customers.
*Savings based on 1 MW of power acquired through a Power Purchase Agreement over the contract’s 20-year term. Commercial Massachusetts electricity rates have risen, on average, 11.4% over the past five years and 8.6% over the last ten, according to the U.S. Department of Energy’s Energy Information Administration (EIA).