Best Solar Company in Citrus, CA

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer owns, operates, and maintains the photovoltaic (PV) system, and a customer agrees to purchase power from the system at a fixed price per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common option for schools, businesses, and other organizations to switch to solar power with minimal to no upfront cost. While solar PPAs can provide substantial economic benefits, it’s important to understand that you’ll be losing many of the benefits which come with having your own solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits or other incentives, nor will you be allowed for selling excess electricity back to grid. In addition, you may be subject to annual price increases and early termination fees should you opt to end the agreement before the end of the agreement. This is why it’s essential to take a careful look at all of the advantages and disadvantages of solar PPAs before signing one.