Guaranteed Energy Performance Contract

A guaranteed performance contract allows clients to purchase sustainable heating systems with a guaranteed performance level for a period of five years or more.

If you use a Kayema system, we guarantee a savings percentage of your electricity bill for water heating for the same facility and usage patterns. If you do not experience the mutual agreed upon savings with your solar water heater, Kayema will pay back the difference between the actual amount saved and the agreed upon savings level of your water heating electric bill.

Power Purchase Agreement

A Power Purchase Agreement, or PPA, is a long-term agreement to buy energy from a Kayema owned solar heating system that produces the equivalent of electricity in the form of thermal energy with the option to purchase the system after ten years on favorable terms.

According to the PPA, Kayema Energy Solutions (KES) will use its own source of funds to build a solar heating facility on your site, and will maintain and operate the facility based on an agreed upon long-term contract. Kayema guarantees to provide reliable, long-term clean energy, while the client undertakes to purchase the energy produced for the contracted term. Under the terms of a PPA, KES assumes the risks and responsibilities of ownership when it purchases, operates, and maintains the turnkey facility.

Kayema cleans the solar panels regularly, provides preventative maintenance services, repairs any faults in the solar geyser or solar water heater, and monitors the energy production and the system’s well being at no additional cost. You just run your business as usual, without any of the headaches of owning an asset. At the end of the PPA term, the solar geysers, solar water heaters and solar panels can be purchased at fair market value or the PPA can be renewed on favourable terms.

The PPA enables you to benefit from the use of “green” energy, while still receiving the benefits of ownership (lower and/or “hedged” electricity costs, positive public image, etc) and allows you to spend your capital budget on your core business.