Best Solar Company in Heath

A solar power purchase agreement (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and maintains the photovoltaic (PV) system and a client agrees to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) during a specified duration. PPAs with solar are a popular method for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront cost. While solar PPAs may provide significant economic benefits, it’s crucial to be aware that you’ll be losing many of the benefits that come with owning your solar panel. For instance, you’ll not be able to take advantage of tax credits for solar as well as other incentive programs, and you will not be in a position to sell excess power back to grid. Furthermore, you may be susceptible to price increases every year and fees for early termination in the event that you decide to terminate the agreement prior to the expiration of the agreement. As such, it is essential to take a careful look at all of the advantages and disadvantages of solar PPAs prior to signing one.