Solar companies that offer ppas

What is a solar power purchase agreement (PPA)?

Solar power purchase agreements (PPAs) are a popular financing option for those looking to install solar panels on their roofs. PPAs allow you to install a home solar system on your roof with no upfront costs. Instead, you pay the solar company every month for every kilowatt-hour of solar energy the panels produce.

What is a solar PPA?

A solar PPA is a type of solar financing agreement. With a PPA, a homeowner does not have to pay for the upfront costs of a solar system. Instead, they enter a contract with a third-party owner or solar developer who will take care of the design, permitting, and installation of their solar panel system.

Why are solar PPAs so popular?

Solar PPAs are popular because they can be structured with minimal upfront capital costs to the business owner. With a solar power purchase agreement, the developer takes on the majority, if not all of the upfront costs associated with designing and constructing the solar system. In fact, most PPA customers will be cash flow positive on day one.

What are the best solar PPA providers?

(Note: these providers often offer both leases and PPAs. When doing your own research, make sure you are reading the information about PPAs!) SolarCity is perhaps the best known solar PPA provider, benefiting from its origins in the head of Elon Musk and acquisition by his electric car company, Tesla.

Are solar PPAs free?

A PPA is a popular financing option for solar energy because it allows the homeowner to use solar energy without paying the hefty up-front cost of going solar. But don’t be fooled by a “free solar panel” gimmick — solar PPAs aren’t free, and they have their disadvantages. In this article, we’ll dive into the pros and cons of solar PPAs.

Should I get a solar PPA?

Solar PPAs allow you to avoid the upfront costs of a solar installation but you get lower lifetime savings than if you had purchased the solar panels. In most cases, the only time it makes sense to get a solar PPA instead of purchasing solar panels is if you don’t qualify for the federal tax credit. What is a solar power purchase agreement?