Best Solar Company in Providence Village

An agreement to purchase solar energy (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system, and a customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) for a specified duration. Solar PPAs are a common option for schools, businesses, and other organizations to go solar with little to no upfront expense. While solar PPAs can provide significant economic benefits, it’s crucial to be aware that you will be relinquishing certain benefits that come with owning your solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, nor will you be able transfer excess energy back to the grid. In addition, you may be in the midst of annual price hikes and early termination charges in the event that you decide to terminate the agreement before the end of the contract. As such, it is essential to take a careful look at all the advantages and disadvantages of solar PPAs prior to entering into one.