Best Solar Company in Lakeside, CA

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and maintains the photovoltaic (PV) system, and a customer accepts to buy electricity from the system for the fixed rate per kilowatt-hour (kWh) for a predetermined duration. Solar PPAs are a popular option for schools, businesses as well as other institutions to go solar with little or no upfront costs. Although solar PPAs can offer significant economic benefits, it’s important to understand that you will be relinquishing certain benefits associated with owning your own solar panel. For instance, you’ll not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be able to sell excess power back to grid. In addition, you may be susceptible to price increases every year and also early termination charges in the event that you decide to terminate the contract before the end of the contract. Therefore, it’s important to carefully consider all of the advantages and disadvantages of solar PPAs prior to entering into one.