Best Solar Company in Colleyville

The solar power purchase contract (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and manages the solar photovoltaic (PV) system and a client is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a predetermined period of time. PPAs with solar are a popular option for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront expense. While solar PPAs can provide significant financial benefits, it is important to understand that you will be relinquishing certain benefits which come with having your solar power system. For instance, you’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be able to sell excess power to grid. In addition, you may be susceptible to price increases every year and also early termination fees in the event that you decide to terminate the contract before the end of the term. This is why it’s crucial to consider all of the advantages and disadvantages of solar PPAs prior to signing one.