Best Solar Company in Waxahachie

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer owns, operates, and maintains the solar photovoltaic (PV) system and the customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) over a specific 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. Although solar PPAs can offer substantial economic benefits, it’s essential to realize that you’ll be losing certain benefits associated with owning your solar panel. For instance, you won’t not be able to avail of solar tax credits and other benefits, and you will not be in a position for selling excess electricity to the grid. In addition, you may be susceptible to price increases every year, as well as early termination charges if you choose to cancel the contract before the end of the contract. This is why it’s crucial to consider all the pros and cons of solar PPAs before entering into one.