Best Solar Company in Rockwall

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system, and a customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) during a specific period of time. PPAs with solar are a popular method for schools, businesses as well as other institutions to switch to solar power with minimal or no upfront costs. While solar PPAs may provide substantial financial benefits, it is important to understand that you’ll be losing many of the benefits that come with owning your solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits and other benefits, nor will you be able for selling excess electricity to the grid. Additionally, you could be subject to annual price increases and early termination fees in the event that you decide to terminate the agreement before the end of the term. As such, it is crucial to consider all the advantages and disadvantages of solar PPAs prior to signing one.