Best Solar Company in Corinth

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and manages its solar photovoltaic (PV) system and the customer accepts to buy power from the system at an agreed-upon price per kilowatt hour (kWh) during a predetermined period of time. PPAs with solar are a popular option for schools, businesses, and other organizations to go solar with little to no upfront expense. Although solar PPAs can offer significant economic benefits, it’s important to understand that you will be relinquishing some of the advantages which come with having your own solar power system. For instance, you’ll not be able to take advantage of tax credits for solar as well as other incentive programs, nor will you be allowed for selling excess electricity back to the grid. Furthermore, you may be in the midst of annual price hikes, as well as early termination charges in the event that you decide to terminate the agreement prior to the expiration of the contract. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs prior signing one.