Best Solar Company in Gainesville

A solar power purchase agreement (PPA) is an agreement that is financial in nature. a third-party solar developer is the one who owns, manages and maintains the photovoltaic (PV) system, and a customer agrees to purchase power from the system at the fixed rate per kilowatt-hour (kWh) over a predetermined duration. Solar PPAs are a popular method for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer significant financial benefits, it is important to understand that you’ll be losing certain benefits that come with owning your 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 to the grid. Furthermore, you may be susceptible to price increases every year and also early termination charges in the event that you decide to terminate the contract before the end of the term. This is why it’s crucial to consider all the pros and cons of solar PPAs prior entering into one.