Best Solar Company in Weatherford

A solar power purchase agreement (PPA) is an agreement that is financial in nature. an outside solar developer manages, owns, and maintains the solar photovoltaic (PV) system, and a customer agrees to purchase energy from the system at an agreed-upon price per kilowatt hour (kWh) for a specific duration. PPAs with solar are a popular option for schools, businesses and other entities to go solar with little to no upfront cost. While solar PPAs can provide significant financial benefits, it is essential to realize that you will be relinquishing many of the benefits associated with owning your solar PV system. For instance, you’ll not be able to take advantage of tax credits for solar as well as other incentive programs, nor will you be able transfer excess energy to grid. In addition, you may be in the midst of annual price hikes and also fees for early termination should you opt to end the agreement before the end of the contract. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs before signing one.