Best Solar Company in Krum

A solar power purchase agreement (PPA) is an agreement that is financial in nature. a third-party solar developer owns, operates, and maintains the photovoltaic (PV) system and the customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) for a specific period of time. Solar PPAs are a popular method for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront cost. While solar PPAs may provide significant financial advantages, it’s essential to realize that you’ll lose many of the benefits associated with owning your own solar PV system. For instance, you won’t not be able to avail of tax credits for solar and other benefits, and you will not be in a position for selling excess electricity back to grid. Furthermore, you may be subject to annual price increases, as well as early termination fees in the event that you decide to terminate the agreement prior to the expiration of the contract. As such, it is crucial to consider all the advantages and disadvantages of solar PPAs before entering into one.