Best Solar Company in Terrell

An agreement to purchase solar energy (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and maintains the solar photovoltaic (PV) system and the customer agrees to purchase power from the system at the fixed rate per kilowatt-hour (kWh) over a specified period of time. Solar PPAs are a common option for schools, businesses and other entities to make the switch to solar at a low or no upfront costs. Although solar PPAs can offer substantial financial benefits, it is essential to realize that you will be relinquishing certain benefits which come with having your own solar panel. For example, you will not be able to take advantage of solar tax credits as well as other incentive programs, nor will you be in a position to sell excess power back to grid. Additionally, you could be in the midst of annual price hikes and fees for early termination if you choose to cancel the agreement prior to the expiration of the contract. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs before signing one.