Best Solar Company in Forest Hill

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer owns, operates, and manages the solar photovoltaic (PV) system and a client accepts to buy energy from the system at a fixed price per kilowatt-hour (kWh) during a specific duration. Solar PPAs are a popular option for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront expense. Although solar PPAs can offer substantial economic benefits, it’s important to understand that you’ll be losing some of the advantages associated with owning your solar power system. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, nor will you be allowed for selling excess electricity back to grid. In addition, you may be subject to annual price increases and early termination charges in the event that you decide to terminate the agreement prior to the expiration of the agreement. This is why it’s essential to take a careful look at all of the pros and cons of solar PPAs prior to entering into one.