Best Solar Company in Bridgeport

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer manages, owns, and maintains the photovoltaic (PV) system, and a customer is obligated to purchase power from the system at the fixed rate per kilowatt-hour (kWh) over a predetermined period of time. PPAs with solar are a popular method for schools, businesses, and other organizations to switch to solar power with minimal to no upfront expense. While solar PPAs can provide substantial economic benefits, it’s essential to realize that you will be relinquishing some of the advantages associated with owning your own solar PV system. For instance, you won’t not be able to take advantage of tax credits for solar or other incentives, nor will you be in a position transfer excess energy to grid. Additionally, you could be subject to annual price increases and early termination fees in the event that you decide to terminate the contract before the end of the contract. As such, it is important to carefully consider all of the pros and cons of solar PPAs prior to entering into one.