Best Solar Company in Everman

An agreement to purchase solar energy (PPA) is a financial agreement in which a third-party solar developer manages, owns, and maintains the solar photovoltaic (PV) system and the customer agrees to purchase energy from the system at an agreed-upon price per kilowatt hour (kWh) over a predetermined duration. PPAs with solar are a popular way for businesses, schools, and other organizations to make the switch to solar at a low or no upfront costs. While solar PPAs can provide significant financial benefits, it is important to understand that you’ll be losing many of the benefits which come with having your solar power system. For instance, you won’t not be able to take advantage of solar tax credits and other benefits, nor will you be in a position to sell excess power to the grid. In addition, you may be subject to annual price increases and also fees for early termination should you opt to end the agreement prior to the expiration of the term. This is why it’s important to carefully consider all of the advantages and disadvantages of solar PPAs before entering into one.