What is a Solar PPA?

Understanding solar PPA

Many people new to the solar industry may have heard of the term PPA, but you may be wondering, what is a solar PPA? A Solar PPA (Power Purchase Agreement) is an agreement between a third party entity and a host customer whereby the third party entity agrees to own, operate, install, and maintain a photovoltaic solar system in exchange for money due on a monthly basis from the host customer.