Best Solar Company in Gun Barrel City

The solar power purchase contract (PPA) is an agreement that is financial in nature. a third-party solar developer is the one who owns, manages and maintains its solar photovoltaic (PV) system and a client accepts to buy energy from the system at a fixed price per kilowatt-hour (kWh) for a predetermined period of time. Solar PPAs are a popular option for schools, businesses and other entities to go solar with little or no upfront costs. Although solar PPAs can offer substantial financial advantages, it’s important to understand that you will be relinquishing certain benefits which come with having your solar PV system. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be able for selling excess electricity back to the grid. Furthermore, you may be in the midst of annual price hikes and also early termination charges in the event that you decide to terminate the agreement prior to the expiration of the term. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs prior signing one.