Best Solar Company in Cleburne

A solar power purchase agreement (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and manages the solar photovoltaic (PV) system and a client accepts to buy energy from the system at a fixed price per kilowatt-hour (kWh) during a specified period of time. PPAs with solar are a popular option for schools, businesses as well as other institutions to go solar with little or no upfront costs. While solar PPAs can provide significant financial advantages, it’s essential to realize that you will be relinquishing certain benefits associated with owning your solar panel. For instance, you won’t not be able to avail of tax credits for solar and other benefits, nor will you be allowed transfer excess energy to the grid. In addition, you may be subject to annual price increases and also early termination fees in the event that you decide to terminate the agreement prior to the expiration of the contract. This is why it’s important to carefully consider all of the pros and cons of solar PPAs prior entering into one.