Best Solar Company in Bedford

An agreement to purchase solar energy (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and manages the photovoltaic (PV) system and the customer is obligated to purchase power from the system at the fixed rate per kilowatt-hour (kWh) over a specific duration. PPAs with solar are a popular option for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront expense. Although solar PPAs can offer significant economic benefits, it’s crucial to be aware that you will be relinquishing some of the advantages which come with having your own solar power system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar or other incentives, and you will not be able for selling excess electricity back to the grid. Additionally, you could be susceptible to price increases every year and also fees for early termination if you choose to cancel the contract before the end of the term. As such, it is important to carefully consider all the pros and cons of solar PPAs before entering into one.