Best Solar Company in Cedar Hill

A solar power purchase agreement (PPA) is a financial agreement in which an outside solar developer 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) during a predetermined duration. Solar PPAs are a popular method for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront cost. While solar PPAs can provide substantial financial advantages, it’s important to understand that you will be relinquishing many of the benefits that come with owning your solar panel. For example, you will not have the opportunity to take advantage of tax credits for solar or other incentives, nor will you be in a position for selling excess electricity back to the grid. In addition, you may be subject to annual price increases, as well as fees for early termination in the event that you decide to terminate the agreement before the end of the contract. This is why it’s important to carefully consider all of the advantages and disadvantages of solar PPAs prior to signing one.