Best Solar Company in Lake Forest, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who is the one who owns, manages and manages its solar photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) for a specific period of time. Solar PPAs are a popular option for schools, businesses as well as other institutions to go solar with little to no upfront expense. While solar PPAs can provide 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’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be allowed to sell excess power to the grid. In addition, you may be susceptible to price increases every year and also early termination fees in the event that you decide to terminate the agreement prior to the expiration of the contract. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs prior to entering into one.