Best Solar Company in Grapevine

An agreement to purchase solar energy (PPA) is an agreement that is financial in nature. an outside solar developer manages, owns, and maintains the photovoltaic (PV) system and the customer is obligated to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specified duration. Solar PPAs are a popular option for schools, businesses, and other organizations to switch to solar power with minimal to no upfront cost. While solar PPAs can provide significant financial advantages, it’s important to understand that you will be relinquishing some of the advantages which come with having your own solar power system. For instance, you’ll not be able to take advantage of solar tax credits or other incentives, nor will you be allowed transfer excess energy to grid. Additionally, you could be susceptible to price increases every year and fees for early termination if you choose to cancel the contract before the end of the term. As such, it is important to carefully consider all the advantages and disadvantages of solar PPAs prior to entering into one.