Have you ever heard of solar power purchase agreements? If not, you are not alone! Much like a solar panel lease, this contractual arrangement allows you the benefits of rooftop solar panels without the up-front cost.
A solar power purchase agreement usually includes terms under which the manufacturer or contractor installs, maintains and continues to own the solar energy system on your property. You are billed a monthly fee for the solar electricity, which is less costly and more green than grid-based electricity.
As with any contract, you’ll want to review the terms carefully so you know what to expect under a power purchase agreement. Pay particular attention to insurance, hold harmless and termination provisions. You may want to have a lawyer review before signing.
Other than that, solar power purchase agreements are an easy, convenient way to switch to renewable energy!
