Best Solar Company in Fairview

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and maintains its solar photovoltaic (PV) system and a client accepts to buy power from the system at a fixed price per kilowatt-hour (kWh) over a specific period of time. Solar PPAs are a popular method for schools, businesses as well as other institutions to switch to solar power with minimal or no upfront costs. While solar PPAs can provide significant financial advantages, it’s important to understand that you’ll lose certain benefits which come with having your own solar power system. For instance, you won’t not be able to avail of tax credits for solar as well as other incentive programs, nor will you be in a position transfer excess energy back to the grid. In addition, you may be susceptible to price increases every year and also fees for early termination should you opt to end the contract before the end of the agreement. This is why it’s essential to take a careful look at all the advantages and disadvantages of solar PPAs prior entering into one.