With a Power Purchase Agreement (PPA) for solar energy, this is now possible. A PPA lets you

install solar panels on your building without paying for the system. Instead, you pay only for

the electricity the solar panels generate, usually at a lower rate than what you currently pay

your utility. Another financier covers the cost of the system, so you don’t have to spend

anything up front.

 

Table of Contents

I. What’s a PPA and Why Should You Care?

I.I. Why PPAs Make Sense for Apartment Building Owners

I.II. Stable Energy Rates in a Rising Market

I.III. Boosting Property Value and Tenant Appeal

II. Huge Savings with Solar: Hypothetical Scenarios

II.I. Phuket Example: 80-Unit Apartment in Patong

III. Getting Started with a PPA: It’s Easier Than You Think

III.I. Step-by-Step Guide

III.II. Phuket Solar’s 20-Year Commercial Solar PPA Solutions

IV. Bonus Perks: More Than Just Savings

V. Conclusion

 

What’s a PPA and Why Should You Care?

A Power Purchase Agreement (PPA) allows you to add solar energy to your apartment

building without paying for the installation or dealing with ongoing maintenance. Here’s how

it works: a third-party company handles everything, from setting up the solar panels to

managing repairs and upkeep. Instead, you simply pay for the electricity generated at a fixed

rate, which is often lower than standard commercial energy rates, allowing for predictable

and long-term savings.

 

Why PPAs Make Sense for Apartment Building Owners

For property owners, the main advantage of a PPA is clear: **no upfront cost.** Installing

solar panels usually involves a big initial expense, which can be a barrier for many building

owners. With a PPA, however, you get the benefits of solar energy without needing to make a

large investment or take on the burden of system maintenance.

 

Here are the average costs of installing a solar system on an apartment building in Thailand:

Phuket Estimate: ฿1,900,000 to ฿2,200,000 for a 100 kW System

(Based on commercial solar installation cost averaging between ฿ 19 and ฿22 per watt.)

With a PPA, the apartment building owner avoids any of these upfront costs and simply pays

a predetermined rate for the electricity generated by the solar panels, which is typically

lower than standard commercial rates over the long term.

 

Stable Energy Rates in a Rising Market

One of the biggest appeals of a PPA is the chance to lock in lower electricity rates. Utility

rates in Thailand are expected to keep climbing, but with a PPA, you secure a predictable rate

for the solar electricity generated by your system. This makes it easier to manage your budget

and plan for long-term savings, giving you a level of financial control over your building’s

operating costs.

 

Boosting Property Value and Tenant Appeal

Going solar with a PPA also enhances your building’s value. Solar is increasingly popular with

eco-conscious tenants, giving your property an edge in attracting renters who value

sustainability. Plus, the reduced operating costs from solar can add to the building’s overall

market value, making it a smart, forward-thinking investment.

 

Huge Savings with Solar: Hypothetical Scenarios

Phuket Example: 80-Unit Apartment in Patong ( community area consumption )

Overview:

A 80-unit apartment building in Patong faces average monthly energy costs of approximately

฿75,000, totaling ฿900,000 per year. Without solar, the building owner would pay around

฿18,000,000 over 20 years, assuming current commercial electricity rates and modest

annual increases.

 

The Setup with a PPA:

With a PPA, the building owner bypasses the upfront ฿1.900,000–฿2,200,000 installation

expense. Instead, a solar provider covers the cost of the system and handles all maintenance,

allowing the owner to pay only for the electricity generated at a discounted rate, typically

around 20% less than local utility rates.

 

The Setup with a PPA:

With a PPA, the property owner avoids the initial ฿2,000,000+ installation expense. Instead,

they save approximately 20–25% on monthly energy costs while securing long-term rate

stability.

Getting Started with a PPA

Setting up a solar PPA for your apartment building is simple.

1. Connect: Reach out to a trusted provider like Phuket Solar PPA

2. Assess: Evaluate your building’s solar potential.

3. Install: Let the provider handle installation at no upfront cost.

4. Save: Start saving immediately with lower energy rates.

 

Conclusion

Switching to solar through a Power Purchase Agreement (PPA) is a cost-free way to reduce

energy expenses, stabilize long-term costs, and add value to your property in Thailand. With

no upfront investment, maintenance covered, and immediate savings, a PPA makes solar

energy both accessible and financially smart.

Ready to transform your building’s energy future? Reach out to Phuket Solar PPA and

explore their tailored PPA options. Start saving today!