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Quantum is in the process of developing several photovoltaic and thermal solar energy projects throughout the northwest. One of these projects use Power Purchase Agreements, or PPAs. A PPA is a long-term agreement where the customer buys power from Quantum. Quantum would, using its own source of funds, build a solar energy system on the customer's site. This system generates reliable, long-term clean energy for use by the customer. The power is metered, and the customer only pays for what is generated by the solar system and consumed by the Customer. At the end of the PPA term, the system can be purchased by the customer at fair market value or the PPA can be renewed. Energy Policy Act of 2005 (EPACT)Quantum is working with Customers to take advantage of Federal tax incentives to conserve energy. These incentives, passed under the Energy Policy Act of 2005, provide tax deductions for the installation of energy efficient systems.
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Sustainable Energy
Quantum is fast becoming a leader in sustainable energy development in the Northwest. We are currently in the design and development phase for four photovoltaic solar energy projects, and are also involved in implementing compliance with the American Colleges & Universities Presidents Climate Commitment on one large college campus. |
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