Best Solar Company in Hawaiian Gardens, CA

A solar power purchase agreement (PPA) is a financial agreement in which the third-party solar developer is the one who is the one who owns, manages and maintains its solar photovoltaic (PV) system, and a customer agrees 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 organizations to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial economic benefits, it’s important to understand that you’ll be losing many of the benefits associated with owning 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 allowed for selling excess electricity back to the grid. Additionally, you could be susceptible to price increases every year, as well as fees for early termination should you opt to end the agreement prior to the expiration of the agreement. Therefore, it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior signing one.