Best Solar Company in Roanoke

A solar power purchase agreement (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who owns, operates, and manages the photovoltaic (PV) system and the customer accepts to buy power from the system at a fixed price per kilowatt-hour (kWh) for a specific period of time. PPAs with solar are a popular option for schools, businesses and other entities to make the switch to solar at a low to no upfront expense. While solar PPAs may provide significant financial benefits, it is essential to realize that you’ll lose certain benefits associated with owning your own solar PV system. For instance, you won’t not be able to avail of solar tax credits or other incentives, nor will you be able to sell excess power back to grid. Additionally, you could be in the midst of annual price hikes and early termination fees should you opt to end the contract before the end of the agreement. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior to signing one.