Best Solar Company in Crowley

The solar power purchase contract (PPA) is an agreement for financial transactions in which a third-party solar developer manages, owns, and maintains its solar photovoltaic (PV) system and a client is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) for a predetermined period of time. PPAs with solar are a popular way for businesses, schools as well as other institutions to make the switch to solar at a low to no upfront cost. Although solar PPAs can offer significant economic benefits, it’s essential to realize that you’ll be losing many of the benefits associated with owning your solar panel. For instance, you’ll not be able to take advantage of solar tax credits and other benefits, nor will you be allowed to sell excess power back to the grid. Additionally, you could 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. As such, it is essential to take a careful look at all of the advantages and disadvantages of solar PPAs before signing one.