Best Solar Company in Duncanville

The solar power purchase contract (PPA) is a financial agreement in which the third-party solar developer is the one who manages, owns, and manages its solar photovoltaic (PV) system and a client agrees to purchase energy from the system at the fixed rate per kilowatt-hour (kWh) over a predetermined duration. PPAs with solar are a popular method for schools, businesses, and other organizations to switch to solar power with minimal to no upfront cost. Although solar PPAs can offer substantial economic benefits, it’s important to understand that you will be relinquishing some of the advantages which come with having your solar power system. For instance, you’ll not be able to take advantage of solar tax credits or other incentives, and you will not be able for selling excess electricity back to the grid. In addition, you may be subject to annual price increases and also early termination charges in the event that you decide to terminate the agreement prior to the expiration of the term. As such, it is important to carefully consider all the advantages and disadvantages of solar PPAs prior signing one.