Best Solar Company in Azle

A solar power purchase agreement (PPA) is an agreement that is financial in nature. the third-party solar developer is the one who is the one who owns, manages and maintains its solar photovoltaic (PV) system and a client is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specific period of time. Solar PPAs are a common way for businesses, schools and other entities to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial financial advantages, it’s essential to realize that you’ll lose certain benefits that come with owning your solar PV system. For instance, you won’t not be able to avail of tax credits for solar as well as other incentive programs, nor will you be allowed to sell excess power back to the grid. Furthermore, you may be subject to annual price increases and early termination charges in the event that you decide to terminate the agreement before the end of the term. Therefore, it’s important to carefully consider all of the advantages and disadvantages of solar PPAs prior to entering into one.