Best Solar Company in Southlake

A solar power purchase agreement (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and maintains its solar photovoltaic (PV) system and a client agrees to purchase power from the system at the fixed rate per kilowatt-hour (kWh) during a specified duration. Solar PPAs are a common method for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial economic benefits, it’s important to understand that you’ll lose certain benefits associated with owning your own solar PV system. For instance, you won’t not have the opportunity to take advantage of solar tax credits and other benefits, nor will you be able to sell excess power back to grid. Additionally, you could be susceptible to price increases every year, as well as early termination charges should you opt to end the contract before the end of the term. This is why it’s important to carefully consider all of the pros and cons of solar PPAs prior to signing one.