We use our background and experience in asset-based finance, risk management, and renewable energy system design and construction when reviewing potential investments. To this end, we offer a full turnkey solar solution providing all the benefits of green power without the capital expenditure or requirement for our customer to provide long term maintenance.
Because the regulatory landscape, incentives, and subsidies are ever-changing and complex, Spear Point analyzes and discusses the benefits of a solar system and determine what incentives are available where each particular project is located. We work with customers to analyze their needs, their site, the interconnection, and their current electricity rates. When examining the feasibility of a project, we consider the following aspects of a project:
Upon making a decision to invest, Spear Point will complete the initial stages of a project together with the client and the EPC (Engineering, procurement and construction) Contractor. Through a power purchase agreement, “PPA”, Spear Point Energy provides the opportunity for the host site to acquire the electricity produced from the solar system at a long term predictable rate which is less than current electricity rates offered by standard utilities. To be able to provide lower cost electricity to our customers, Spear Point organizes, applies for and attains all available incentives and rebates and applies them to the cost of the system. Spear Point and its investors provide the balance of capital required to complete the system.
Spear Point will oversee the project at all stages; from construction to interconnection, and through operation, maintenance, and monitoring over the life of the system:
Spear Point Energy offers a full turnkey solar solution providing all the benefits of green power without the capital expenditure or requirement for our customer to provide long term maintenance. Our distributed solar projects are perfect for rooftops, parking areas, and other on site property or building locations. These projects are well suited for both urban and rural sites. When determining the appropriate turnkey solution, we take many factors into account, including customer organization type. For example, we leverage the value of tax incentives that may not be available to our municipal customers which will result in impactful savings. Our 500 kilowatts – 2 megawatts systems are able to be built and interconnected with less permitting and time than larger centralized projects.
Spear Point coordinates all phases of projects from initial analysis to determine our customers’ needs, through entering into site agreement, Power Purchase Agreement (“PPA”), full engineering, procurement, construction (“EPC”) and long term ongoing maintenance. Spear Point is not an EPC contractor, but works with high quality experienced EPCs and local qualified resources to design, execute, and deliver the highest quality solar systems.