Best Solar Company in Cockrell Hill

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer owns, operates, and maintains the photovoltaic (PV) system and the customer agrees to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specified duration. Solar PPAs are a popular option for schools, businesses, and other organizations to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial economic benefits, it’s important to understand that you’ll lose some of the advantages associated with owning your solar PV system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be allowed to sell excess power to the grid. Additionally, you could be subject to annual price increases, as well as fees for early termination if you choose to cancel the agreement prior to the expiration of the term. Therefore, it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior to signing one.