Best Solar Company in Carrollton

The solar power purchase contract (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and manages its solar photovoltaic (PV) system and the customer agrees to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) over a specific period of time. PPAs with solar are a popular method for schools, businesses as well as other institutions to go solar with little or no upfront costs. While solar PPAs may provide significant economic benefits, it’s important to understand that you will be relinquishing some of the advantages that come with owning your own solar PV system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be able to sell excess power to the grid. In addition, you may be subject to annual price increases and also early termination charges in the event that you decide to terminate the agreement before the end of the term. As such, it is crucial to consider all the advantages and disadvantages of solar PPAs before entering into one.