Building owners can choose to own the solar PV system, which is more common amongst landed property owners.

An alternative is to explore a ‘Solar Leasing’ agreement with a solar vendor. Depending on the size of the rooftop, solar PV vendors offer the option of a Solar Power Purchase Agreement (PPA), often referred to as a ‘Solar Leasing’ agreement.

Under such an agreement,

• The solar PV vendor will own and install the solar PV system on the building at no upfront capital costs to the building owner. In return for availing the space for solar PV deployment, the building owner can enjoy a discounted rate off their existing electricity tariff.

• The solar PV vendor will often undertake the operating costs and risks for the solar PV system, as well as monetary benefits from the various solar payment schemes (refer to this FAQ for more details).