An Evergreen Energy Plan (EEP) is a financial arrangement in which a third-party, COREnergy owns, operates, and maintains a photovoltaic (PV) system, and a customer agrees to site the system on its roof and purchases the system’s electricity output from the solar for a predetermined rate. This financial arrangement allows the customer to receive stable and lower electricity costs, while COREnergy receives income generated from the sale of electricity to the customer.
With this business model, the customer buys the electricity produced by the PV system rather than the PV system itself.
An EEP arrangement enables customers to avoid many of the traditional barriers and risks when looking to install solar systems: high up-front capital costs; system performance risk; and complex design and permitting processes.
In addition, EEP arrangements can be cash flow positive for the customer from the day the system is commissioned.