Best Solar Company in Burleson

A solar power purchase agreement (PPA) is a financial agreement in which an outside solar developer is the one who owns, manages and manages its solar photovoltaic (PV) system and the customer accepts to buy power from the system at the fixed rate per kilowatt-hour (kWh) over a specified duration. Solar PPAs are a common option for schools, businesses and other entities to go solar with little to no upfront expense. Although solar PPAs can offer significant economic benefits, it’s important to understand that you’ll lose many of the benefits that come with owning your solar panel. For example, you will not be able to take advantage of tax credits for solar and other benefits, nor will you be able transfer excess energy back to the grid. Additionally, you could be subject to annual price increases and early termination charges in the event that you decide to terminate the contract before the end of the contract. As such, it is essential to take a careful look at all the advantages and disadvantages of solar PPAs prior to entering into one.