Best Solar Company in Mansfield

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and maintains the photovoltaic (PV) system, and a customer agrees to purchase power from the system at the fixed rate per kilowatt-hour (kWh) during a specified duration. PPAs with solar are a popular way for businesses, schools, and other organizations to switch to solar power with minimal or no upfront costs. Although solar PPAs can offer substantial economic benefits, it’s crucial to be aware that you will be relinquishing certain benefits associated with owning your solar PV system. For instance, you’ll 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. Additionally, you could be in the midst of annual price hikes and fees for early termination in the event that you decide to terminate the agreement before the end of the agreement. Therefore, it’s important to carefully consider all the pros and cons of solar PPAs prior signing one.