Best Solar Company in Willow Park

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer owns, operates, and manages its solar photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) during a predetermined period of time. PPAs with solar are a popular way for businesses, schools as well as other institutions to switch to solar power with minimal to no upfront expense. While solar PPAs can provide significant economic benefits, it’s crucial to be aware that you’ll lose some of the advantages associated with owning your own solar power system. For example, you will not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be allowed for selling excess electricity back to the grid. Furthermore, you may be subject to annual price increases and also fees for early termination should you opt to end the agreement prior to the expiration of the contract. Therefore, it’s crucial to consider all of the pros and cons of solar PPAs prior to signing one.