Best Solar Company in Granbury

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer owns, operates, and manages the photovoltaic (PV) system and a client is obligated to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common method for schools, businesses and other entities to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer substantial financial benefits, it is important to understand that you will be relinquishing certain benefits associated with owning your own 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 able for selling excess electricity back to grid. Additionally, you could be susceptible to price increases every year and early termination charges in the event that you decide to terminate the contract before the end of the term. Therefore, it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior to entering into one.