Best Solar Company in East Las Vegas

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system and the customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) for a specific duration. Solar PPAs are a common method for schools, businesses as well as other institutions to switch to solar power with minimal or no upfront costs. Although solar PPAs can offer substantial financial benefits, it is important to understand that you’ll lose some of the advantages that come with owning your own 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 transfer excess energy back to grid. Furthermore, you may be susceptible to price increases every year and early termination fees in the event that you decide to terminate the contract before the end of the agreement. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs prior signing one.