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An agreement to purchase solar energy (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and manages the solar photovoltaic (PV) system and the customer accepts to buy energy from the system at an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a common option for schools, businesses, and other organizations to go solar with little to no upfront expense. While solar PPAs can provide significant financial advantages, it’s crucial to be aware that you’ll lose many of the 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 or other incentives, nor will you be able to sell excess power back to the grid. Furthermore, you may be in the midst of annual price hikes, as well as early termination fees if you choose to cancel the agreement prior to the expiration of the contract. As such, it is essential to take a careful look at all the pros and cons of solar PPAs before entering into one.