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This act allows solar leasing and power-purchase agreements in Georgia, which make solar more cost-effective for home and business owners statewide.
SPPPs, also known as Performance-Based Incentives (PBIs), provide small cash payments for the measured energy production of a solar power system. SPPPs are available in Georgia.
Georgians also qualify, of course, for the huge tax credit from the Federal government. The solar Investment Tax Credit (ITC) pays back 26 percent of the cost of a solar system in the form of a deduction on Federal income tax. The credit goes to those who buy their system, by cash or loan. People who lease a system miss out because the incentives go to the third-party owner.
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