Best Solar Company in Cherry Valley, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system and the customer agrees to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specified duration. Solar PPAs are a popular method for schools, businesses, and other organizations to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer substantial economic benefits, it’s essential to realize that you’ll lose some of the advantages which come with having your own solar panel. For instance, you’ll not be able to take advantage of tax credits for solar as well as other incentive programs, nor will you be in a position for selling excess electricity to grid. Furthermore, you may be in the midst of annual price hikes and early termination charges in the event that you decide to terminate the contract before the end of the term. Therefore, it’s crucial to consider all of the pros and cons of solar PPAs prior signing one.