Best Solar Company in Paloma Creek South

The solar power purchase contract (PPA) is a financial agreement in which an outside solar developer owns, operates, and maintains the solar photovoltaic (PV) system and a client is obligated to purchase energy from the system at an agreed-upon price per kilowatt hour (kWh) during a specified duration. Solar PPAs are a common method for schools, businesses, and other organizations to switch to solar power with minimal to no upfront cost. While solar PPAs may provide substantial economic benefits, it’s important to understand that you’ll lose some of the advantages which come with having your own solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be able transfer excess energy to the grid. Additionally, you could be subject to annual price increases, as well as early termination charges if you choose to cancel the agreement prior to the expiration of the contract. As such, it is important to carefully consider all of the pros and cons of solar PPAs before entering into one.