Best Solar Company in Pecan Acres

The solar power purchase contract (PPA) is an agreement that is financial in nature. an outside solar developer owns, operates, and maintains its solar photovoltaic (PV) system and the customer accepts to buy power from the system at the fixed rate per kilowatt-hour (kWh) for a specific period of time. Solar PPAs are a popular method for schools, businesses and other entities to switch to solar power with minimal to no upfront cost. While solar PPAs may provide substantial financial benefits, it is important to understand that you’ll lose certain benefits associated with owning your solar panel. For instance, you won’t not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be able for selling excess electricity back to the grid. In addition, you may be in the midst of annual price hikes and early termination fees should you opt to end the agreement prior to the expiration of the agreement. This is why it’s crucial to consider all the pros and cons of solar PPAs prior signing one.