Best Solar Company in Ennis

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and maintains the solar photovoltaic (PV) system, and a customer is obligated to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common method for schools, businesses and other entities to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer substantial economic benefits, it’s important to understand that you will be relinquishing certain benefits which come with having your own solar PV system. For example, you will not have the opportunity to take advantage of solar tax credits and other benefits, and you will not be allowed for selling excess electricity back to grid. Additionally, you could be in the midst of annual price hikes and also early termination charges if you choose to cancel the contract before the end of the contract. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior to signing one.