Solar Panel Ppa

The installer will typically provide the panels installation and maintenance at zero cost to the homeowner and in return the provider becomes your new utility provider.

Solar panel ppa.

The customer signing the agreement purchases power from the developer at a much lower cost than is typically offered by the local utility company. Simply put you get clean solar electricity at a predictable rate. Solar ppa also benefits solar service providers who in return receive financial benefits like tax credits as well as extra income from selling solar energy. Though solar panels are known to last 30 to 40 years.

Solar ppas allow you to install solar panels without upfront costs. What is a solar power purchase agreement. However this doesn t mean a ppa is the best way to finance a solar system. A solar ppa is a long term agreement between you and a solar provider and or installer to lease your roof in return for a lower energy bill.

Let us take care of the rest. In the late 2000 s the solar industry introduced the solar ppa or power purchase agreement as a way for homeowners to easily install solar without any of the extremely high upfront costs solar installations usually require. With a ppa a homeowner does not have to pay for the upfront costs of a solar system.