Best Solar Company in Lewisville

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer manages, owns, and manages the solar photovoltaic (PV) system and the customer accepts to buy energy from the system at an agreed-upon price per kilowatt hour (kWh) during a specified period of time. PPAs with solar are a popular method for schools, businesses, and other organizations to switch to solar power with minimal to no upfront expense. While solar PPAs can provide substantial economic benefits, it’s important to understand that you will be relinquishing certain benefits which come with having your own solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits and other benefits, nor will you be allowed to sell excess power to grid. In addition, you may be susceptible to price increases every year and early termination charges in the event that you decide to terminate the agreement prior to the expiration of the term. As such, it is crucial to consider all of the advantages and disadvantages of solar PPAs before signing one.