Best Solar Company in River Oaks

An agreement to purchase solar energy (PPA) is an agreement that is financial in nature. an outside solar developer is the one who owns, manages and maintains the photovoltaic (PV) system and the customer accepts to buy power from the system at the fixed rate per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common method for schools, businesses, and other organizations to switch to solar power with minimal to no upfront expense. While solar PPAs may provide significant economic benefits, it’s essential to realize that you will be relinquishing some of the advantages that come with owning your own solar panel. For instance, you’ll not have the opportunity to take advantage of tax credits for solar or other incentives, nor will you be allowed transfer excess energy to grid. In addition, you may be subject to annual price increases and also early termination fees if you choose to cancel the agreement before the end of the term. As such, it is important to carefully consider all the pros and cons of solar PPAs prior to entering into one.