Best Solar Company in Coronado, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who owns, operates, and manages its solar photovoltaic (PV) system and a client agrees to purchase power from the system at the fixed rate per kilowatt-hour (kWh) for a specific duration. Solar PPAs are a popular way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront cost. While solar PPAs can provide substantial financial benefits, it is important to understand that you will be relinquishing some of the advantages that come with owning your own solar PV system. For instance, you won’t not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be able for selling excess electricity back to grid. Additionally, you could be susceptible to price increases every year and also fees for early termination should you opt to end the agreement before the end of the term. As such, it is important to carefully consider all the pros and cons of solar PPAs prior to signing one.