05/12/2025
PPA, or Power Plan Agreement, is a program in which homeowners will use a solar system provided by the installer with no out-of-pocket cost. Homeowners will only pay for the power that the system produces at a lower flat cost.
Some positive and negative points about PPA :
Pros:
1- No out-of-pocket : zero cost for installation, equipment and insurance
2- Lower monthly bills : no need to pay for power shipment fees
3- Fully maintained and guaranteed : all equipment needs to produce an agreed amount, if not they will be swapped out with no additional cost
4- Locked energy rates : you are protected against power price inflations and hidden fees
5- Flexible terms : In case of a homeowner moving out, the plan can be transferred to the new owner or it can be bought out mid-term
Cons:
1- Not everyone qualifies : based on how much power you use and how much available roof space you have, it might not make sense to proceed
2- No tax credit : since the installer will take ownership of the equipment, homeowners might not be eligible to collect the tax credits
I hope this is helpful information, if you have any questions ask me in the comment section.
Also if you are wondering if your house qualifies for PPA, please shoot me a DM or comment "qualify". Thank you!
