Best Solar Company in Rowlett

A solar power purchase agreement (PPA) is an agreement that is financial in nature. an outside solar developer owns, operates, and maintains its solar photovoltaic (PV) system and a client is obligated to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specified duration. PPAs with solar are a popular method for schools, businesses as well as other institutions to make the switch to solar at a low or no upfront costs. While solar PPAs can provide significant economic benefits, it’s important to understand that you will be relinquishing many of the benefits associated with owning your own solar PV system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar and other benefits, nor will you be able transfer excess energy back to grid. Furthermore, you may be subject to annual price increases, as well as fees for early termination if you choose to cancel the agreement prior to the expiration of the agreement. This is why it’s essential to take a careful look at all the pros and cons of solar PPAs prior to entering into one.