Best Solar Company in Kaufman

A solar power purchase agreement (PPA) is a financial agreement in which an outside solar developer manages, owns, and manages the solar photovoltaic (PV) system and a client agrees to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) over a specific period of time. Solar PPAs are a popular option for schools, businesses, and other organizations to make the switch to solar at a low to no upfront cost. While solar PPAs may provide significant financial benefits, it is crucial to be aware that you’ll be losing many of the benefits that come with owning your own solar PV system. For instance, you’ll not be able to take advantage of tax credits for solar as well as other incentive programs, nor will you be in a position to sell excess power back to the grid. Additionally, you could be susceptible to price increases every year, as well as early termination charges if you choose to cancel the agreement prior to the expiration of the agreement. This is why it’s essential to take a careful look at all of the pros and cons of solar PPAs prior entering into one.