Best Solar Company in Lakeland Village, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer owns, operates, and manages the solar photovoltaic (PV) system, and a customer agrees to purchase power from the system at a fixed price per kilowatt-hour (kWh) over a specific period of time. Solar PPAs are a popular option for schools, businesses as well as other institutions to switch to solar power with minimal or no upfront costs. While solar PPAs may provide significant economic benefits, it’s crucial to be aware that you’ll be losing many of the benefits that come with owning your solar panel. For instance, you’ll not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, nor will you be able to sell excess power to the grid. In addition, you may be susceptible to price increases every year, as well as early termination fees if you choose to cancel the agreement before the end of the agreement. As such, it is crucial to consider all of the pros and cons of solar PPAs prior to signing one.