Commercial: FAQ

What is a PPA?

PPA stands for Power Purchase Agreement. It is a contract agreement between Future X, the energy provider, and you, the customer. Future X pays all the upfront costs for the solar system, including its installation and any maintenance, and for the agreed term of the PPA, owns the system. The customer purchases the electricity that is generated by the solar system from Future X at an affordable rate for the term of the PPA. At the end of the PPA term, as our customer, you have the option to purchase the system from Future X, for as little as $1.

How does it work?

With a Future X PPA, you get the best of everything. Along with no upfront costs, you only pay for the electricity you generate from your solar system, and avoid the distribution costs, as you are generating power and then purchasing it from Future X at an affordable rate. This means you can start benefiting from your solar system straight away, and don’t have to worry about a large financial outlay to get started. Future X will take care of everything.

Is there nothing to pay upfront?

That’s right, there are no upfront costs! Once you sign up for a Future X PPA, we take care of the installation and management of your system. Once installed, you will only pay Future X for the solar your system generates, which is at a fixed low rate. At the end of the PPA term, you’ll also have the option to purchase your system back from Future X for as little as $1!

Do I own the system?

For the term of the PPA Future X own the solar system as we are taking on the risk of that asset. During the term of the PPA Future X will install, monitor and maintain the system, meaning you can remain stress free while seeing all the benefits of a solar system. The best part, is at the end of the PPA term, you will have the option to purchase the system from Future X for as little as $1

Do I still need a electricity retailer?

Yes, your energy retailer will provide your connection to the national grid. Although your solar solution will be customised for you, to ensure you are receiving the maximum benefits, you will still require energy from the national grid at certain times, for example, at night, or when there is no sun to generate solar electricity.

What happens if there’s a problem with my solar system?

Future X will take care of any maintenance required throughout the term of the PPA, as we want to ensure that your system is operating at its most efficient. If the solar system isn’t working correctly, there will be no charges generated, which is not in Future X’s best interests, thus, we will ensure your system is working efficiently.

What happens if I want to end the PPA contract early?

There is the option to terminate your contract early and you will also have the opportunity at this point to buy the solar system outright. The outright cost will be dependent on how much time is remaining on the PPA term and any fees and charges associated with early termination.

What if I don’t use all the power generated?

We do our best to ensure that the system we install is the perfect system for your home based on your energy requirements and previous usage, as with the PPA, you are required to purchase the energy your system generates. Although we try our best, there may be times when your system generates an excess amount of energy. In this scenario you may be eligible for a feed in tariff from your electricity retailer, if the excess is exported back to the grid.  Alternatively, we could sign the PPA under consumption only which means you only pay for what you use.

What if my tenant decides to move before the end of the PPA term?

We understand that these things happen, so we try and make the process easy if your tenant decides to move house. As the landlord, you can request your new tenant take up the remaining PPA agreement or your tenant has the option to purchase the system outright and have it removed from your property. Under this scenario, additional fees and charges may apply to your tenant.

Do I still need to have a traditional electricity retailer?

As the landlord you aren’t required to have an electricity retailer, however, you will need to advise your tenants that they are still required to have an electricity retailer. This is because the energy retailer will provide a connection to the national grid. Although the solar solution will be customised for your property to ensure you are receiving the maximum benefits, your tenants will still require energy from the national grid at certain times, for example, at night, or when there is no sun to generate solar electricity.

I’m a tenant, do I qualify for a PPA?

At Future X we believe everyone should have access to cheap electricity, which is why we have created our PPA offering. As a tenant you’re able to take out a PPA, all you need is landlord approval to access the roof. We offer a range of products and can tailor the PPA to suit the length of your lease.

 

What if the Landlord sells the property?

As the contract is with you as the tenant, the landowner does have the right to sell their property. If the landowner sells the property, and you are able to remain the tenant, then you don’t have to do anything. However, you are required to move, you can either negotiate for the new tenant/owner to take over the PPA Agreement, which would be in their best interest, as their power will be much cheaper than buying from the conventional grid. Alternatively, you can purchase the system outright, at which point you will have the right to remove the system and install elsewhere. Please note there may be charges associated with removing the system.

What if decide to move before the end of the PPA term?

We understand that these things happen, so we try and make the process easy if you decide to move house.  As above, as the tenant, you can negotiate with your landlord that the new tenant takes up the remaining PPA agreement. It is certainly in the new tenants, interest to do so, as their electricity costs will be cheaper. Alternatively, you can terminate the agreement and have the option to purchase the system outright according to the buyout schedule which is determined by what is remaining on your PPA term.

What happens if I want to end the PPA contract early?

As stated above, you can terminate the agreement early and have the option to buy the system outright according to the buyout schedule.

Do I still need to have a traditional electricity retailer?

Yes, your energy retailer will provide your connection to the national grid. Although your solar solution will be customised for you, to ensure you are receiving the maximum benefits, you will still require energy from the national grid at certain times, for example, at night, or when there is no sun to generate solar electricity.

 

What if decide to sell my property before the end of the PPA term?

We understand that these things happen, so we try and make the process easy if you decide to move house.  Having a solar system on your house is a great selling point. You will just need to negotiate with the new owner to take up the remaining PPA agreement. It is certainly in the new owner’s interest to do so, as their electricity costs will be so much cheaper. Alternatively, you can terminate the agreement and have the option to purchase the system outright according to the buyout schedule which is determined by what is remaining on your PPA term.

What happens if I want to end the PPA contract early?

As stated above, you can terminate the agreement early and have the option to buy the system outright according to the buyout schedule.

Do I still need to have a traditional electricity retailer?

Yes, your energy retailer will provide your connection to the national grid. Although your solar solution will be customised for you, to ensure you are receiving the maximum benefits, you will still require energy from the national grid at certain times, for example, at night, or when there is no sun to generate solar electricity.