Best Solar Company in La Habra Heights, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which a third-party solar developer owns, operates, and manages its solar photovoltaic (PV) system, and a customer accepts to buy electricity from the system for the fixed rate per kilowatt-hour (kWh) during a specified period of time. PPAs with solar are a popular option for schools, businesses and other entities to switch to solar power with minimal to no upfront cost. Although solar PPAs can offer significant financial benefits, it is important to understand that you’ll lose some of the advantages which come with having your own solar PV system. For instance, you won’t not be able to avail of tax credits for solar and other benefits, nor will you be in a position to sell excess power to grid. In addition, you may be susceptible to price increases every year and early termination charges in the event that you decide to terminate the contract before the end of the term. This is why it’s crucial to consider all of the pros and cons of solar PPAs prior entering into one.