Best Solar Company in Forney

A solar power purchase agreement (PPA) is an agreement for financial transactions in which an outside solar developer owns, operates, and manages its solar photovoltaic (PV) system and the customer agrees to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specified period of time. PPAs with solar are a popular way for businesses, schools as well as other institutions to make the switch to solar at a low or no upfront costs. While solar PPAs can provide significant financial advantages, it’s important to understand that you will be relinquishing certain benefits which come with having your solar power system. For instance, you’ll not be able to avail of tax credits for solar and other benefits, and you will not be in a position transfer excess energy to the grid. In addition, you may be susceptible to price increases every year and early termination fees in the event that you decide to terminate the agreement before the end of the agreement. As such, it is important to carefully consider all the pros and cons of solar PPAs before entering into one.