Best Solar Company in Florence, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which the third-party solar developer is the one who manages, owns, and manages the photovoltaic (PV) system and the customer is obligated to purchase energy from the system at an agreed-upon price per kilowatt hour (kWh) during a predetermined period of time. Solar PPAs are a popular option for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront cost. While solar PPAs may provide significant financial benefits, it is crucial to be aware that you’ll lose certain benefits that come with owning your solar power system. For instance, you won’t not have the opportunity to take advantage of solar tax credits and other benefits, nor will you be in a position for selling excess electricity to the grid. Additionally, you could be susceptible to price increases every year, as well as early termination charges should you opt to end the agreement before the end of the agreement. As such, it is important to carefully consider all the pros and cons of solar PPAs prior signing one.