Best Solar Company in Grand Prairie

The solar power purchase contract (PPA) is an agreement that is financial in nature. the third-party solar developer is the one who owns, operates, and maintains its solar photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) for a specific period of time. Solar PPAs are a common way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront cost. While solar PPAs can provide significant financial benefits, it is crucial to be aware that you’ll lose certain benefits associated with owning your own solar PV system. For instance, you’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be in a position to sell excess power to the grid. In addition, you may be subject to annual price increases, as well as early termination fees should you opt to end the agreement prior to the expiration of the term. As such, it is essential to take a careful look at all the advantages and disadvantages of solar PPAs prior to signing one.