Florida PPA Sign-on Letter
Join our sign-on letter to support legalization of Power Purchase Agreements (PPAs) in Florida by Friday January 29th to be included in public launch of the letter in early February. Form to sign is below the letter:
We are leaders of Florida schools, local governments, non-profit organizations, and commercial enterprises. We are writing to ask you to allow organizations like ours to enter third-party power purchase agreements (PPAs) for solar energy. This will allow us to power our communities with a cost-effective and clean energy source. It will also provide a much-needed economic stimulus to our economy, which is facing unparalleled challenges.
With a PPA, a developer installs, owns, and operates a solar system on the customer’s property. Organizations like ours can then buy the electricity the system produces at a fixed rate. This rate is generally lower than what we would pay to their utility providing monthly electricity savings. PPAs would enable us to benefit from solar with low to no upfront cost.
Florida’s economy has lost billions, if not trillions, from the Covid-19 pandemic. These losses follow us into 2021. Florida leaders are warning of massive state budget cuts due to reduced government revenue. There are reports of a $5.4 billion budget deficit over the next two years. Legalizing PPAs provides a significant, no-cost economic stimulus to Florida’s economy.
A new report, Impact Analysis of Power Purchase Agreements (PPAs) in Florida, released in October 2020 finds legalizing PPAs will benefit Florida in several ways:
- Creation of 9,098 direct jobs
- Creation of 25,800 total jobs (including direct, indirect, and induced)
- Provide $3,800,000,000 in total economic impacts
- Produce the energy equivalent of powering 159,126 homes with solar
- Reduce greenhouse gas emissions equivalent to taking 147,590 cars off the road
Researchers from the University of Central Florida and Ohio University created the report.
PPAs are legal in most states including Georgia, Texas, Arkansas, and Arizona. They are not yet legal in Florida. Legalizing PPAs for solar energy would only require you to pass simple, no-cost legislation. We urge you to make PPAs legal.