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What is a turnkey EPC contract?

The key thing to note is that with a turnkey EPC contract, you can’t get just a piece of the package. For example, if you just want to dip your toe into solar to see if it would be a good fit for your business, an EPC contract won’t allow you to just purchase an energy assessment or a site survey – you have to buy the entire solar package.

What is a turnkey solar system?

VeloSolar • Updated on March 13, 2023 • 8 minutes read In the solar world, Engineering Procurement and Construction (EPC) contractors typically provide a turnkey service. They deliver a ready-to-use solar system; when they’re done working, all you have to do is turn the proverbial key and you’re generating your own clean, renewable energy.

Will EPC contracts provide for the handover of a solar facility?

EPC Contracts will not provide for the handover of the solar facility to the Project Company, and the PPA will not become effective until all commissioning and reliability trialling has been successfully completed.

How does an EPC contract work?

Here’s how it works: The scope of work for your solar project is laid out in the initial EPC contract, as is the lump sum cost of the project. The contract price includes everything that’s needed to design, build, and install your turnkey system.

Should you choose an EPC contract for a solar project?

Given the significant monetary value of EPC Contracts, and the potential adverse consequences if problems occur during construction, the lowest price should not be the only factor used when selecting a Contractor. As noted earlier, an EPC Contract is one of a suite of agreements necessary to develop a solar project.

What does a solar EPC contractor do?

To aid in their ability to deliver turnkey projects, solar EPC contractors usually offer every customer a very similar set of services. Most contracts include a simple solar system design and basic engineering services, as well as the materials and labor required to install and commission that system.