As with mariners navigating uncertain waters, Chart House Energy will take best advantage of the winds of government initiatives including incentives, waves of technological changes, currents of utility costs and avoid the rocky shores of our uncertain economic times. Our goal is to chart a path through all of these changing technical, environmental and financial pressures to create an optimal blend of economic return and environmental impact. Creating a pool of renewable energy property which will produce a stable cash flow long into the future.
As an Independent Power Producer (IPP), Chart House Energy provides distributed grid-tie electric power from renewable energy sources, such as solar and wind to governmental, commercial and private consumers. Chart House Energy business model is based on the Power Purchase Agreement, which secures electricity sales for the term of 40 years, (depending on the individual agreement, thus ensuring steady cash flows from electric power sales for the period of the agreement. The renewable power systems currently used by Chart House Energy consist of PV (Photovoltaic) solar panels systems and in the near future will expand to wind turbines. In order to develop renewable energy systems, Chart House Energy leases real estate (roofs and/or land) from property owners, installs solar PV panels (or other renewable energy technologies) and sells generated electric power to the property owner, the tenant or local power company.