Best Solar Company in Plano

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer owns, operates, and maintains its solar photovoltaic (PV) system and the customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) during a specific duration. Solar PPAs are a popular way for businesses, schools and other entities to go solar with little to no upfront cost. Although solar PPAs can offer substantial financial advantages, it’s important to understand that you’ll be losing many of the benefits that come with owning your solar panel. For example, you will not be able to avail of solar tax credits as well as other incentive programs, and you will not be in a position for selling excess electricity to grid. Additionally, you could be subject to annual price increases and early termination fees if you choose to cancel the agreement prior to the expiration of the contract. This is why it’s essential to take a careful look at all of the pros and cons of solar PPAs prior to signing one.