Solar Power Purchase Agreements (PPAs): Some companies offer solar PPAs, where they install and maintain solar panels on your property, and you purchase the electricity generated at a predetermined rate. PPAs can be a way to enjoy the benefits of solar energy without the upfront costs of purchasing and installing solar panels.

September 30, 2024by Luke0

Under a Solar PPA, the company is responsible for the maintenance and repair of the Solar panels, so you don’t have to worry about any upkeep costs. This can be a convenient option for businesses or homeowners who want to switch to Solar energy but don’t want to deal with the logistics of installation and maintenance.

Additionally, with a Solar PPA, you can lock in a fixed rate for your electricity, which can protect you from rising energy costs in the future. This can provide stability and predictability for your energy expenses, which can be beneficial for budgeting purposes.

It’s important to carefully review the terms of a Solar PPA before signing, as there may be certain conditions or restrictions that you should be aware of. Overall, a Solar PPA can be a great option for those looking to go Solar without the upfront costs and hassle of ownership.

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