Best Solar Company in Ellis, CA

A solar power purchase agreement (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and manages the solar photovoltaic (PV) system and a client is obligated to purchase power from the system at a fixed price per kilowatt-hour (kWh) over a predetermined duration. PPAs with solar are a popular option for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial financial advantages, it’s important to understand that you’ll be losing certain benefits associated with owning your solar PV system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar and other benefits, nor will you be in a position for selling excess electricity back to the grid. Furthermore, you may be subject to annual price increases and also early termination charges if you choose to cancel the agreement prior to the expiration of the contract. Therefore, it’s important to carefully consider all of the advantages and disadvantages of solar PPAs prior to entering into one.