Best Solar Company in East Hemet, CA

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) for a specific period of time. Solar PPAs are a common way for businesses, schools as well as other institutions to switch to solar power with minimal to no upfront expense. Although solar PPAs can offer substantial economic benefits, it’s essential to realize that you’ll lose certain benefits which come with having your own solar panel. For instance, you’ll not be able to avail of solar tax credits as well as other incentive programs, nor will you be able for selling excess electricity to grid. Additionally, you could be subject to annual price increases and also early termination fees if you choose to cancel the agreement before the end of the contract. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs prior signing one.