Best Solar Company in Denison

An agreement to purchase solar energy (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and maintains the photovoltaic (PV) system and the customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a popular option for schools, businesses, and other organizations to go solar with little to no upfront expense. While solar PPAs may provide substantial economic benefits, it’s essential to realize that you’ll be losing 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 solar tax credits and other benefits, nor will you be allowed for selling excess electricity back to grid. Additionally, you could be in the midst of annual price hikes and early termination fees if you choose to cancel the agreement prior to the expiration of the contract. Therefore, it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior to entering into one.