Best Solar Company in Green Acres, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which a third-party solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system and a client is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) over a predetermined period of time. Solar PPAs are a common way for businesses, schools and other entities to switch to solar power with minimal to no upfront cost. Although solar PPAs can offer substantial financial benefits, it is crucial to be aware that you will be relinquishing many of the benefits that come with owning your solar PV system. For instance, you’ll not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be in a position for selling excess electricity to grid. In addition, you may be subject to annual price increases, as well as early termination fees if you choose to cancel the agreement before the end of the agreement. As such, it is essential to take a careful look at all the advantages and disadvantages of solar PPAs prior to entering into one.