Best Solar Company in Dallas

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who is the one who owns, manages and maintains its solar photovoltaic (PV) system, and a customer agrees to purchase energy from the system at a fixed price per kilowatt-hour (kWh) for a specified period of time. Solar PPAs are a common method for schools, businesses and other entities to go solar with little to no upfront cost. While solar PPAs may provide significant economic benefits, it’s important to understand that you will be relinquishing many of the benefits which come with having your own 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, nor will you be in a position to sell excess power back to the grid. Furthermore, you may be in the midst of annual price hikes and early termination charges in the event that you decide to terminate the agreement prior to the expiration of the agreement. Therefore, it’s essential to take a careful look at all of the advantages and disadvantages of solar PPAs before signing one.