Best Solar Company in Decatur

The solar power purchase contract (PPA) is a financial agreement in which the third-party solar developer is the one who is the one who owns, manages and maintains the solar photovoltaic (PV) system, and a customer is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a popular option for schools, businesses as well as other institutions to switch to solar power with minimal or no upfront costs. Although solar PPAs can offer significant financial advantages, it’s important to understand that you’ll lose some of the advantages which come with having your own solar power system. For instance, you won’t not be able to avail of tax credits for solar or other incentives, nor will you be able transfer excess energy back to the grid. Furthermore, you may be in the midst of annual price hikes and fees for early termination in the event that you decide to terminate the agreement prior to the expiration of the agreement. As such, it is crucial to consider all of the advantages and disadvantages of solar PPAs prior to signing one.