Best Solar Company in Mount Hope, CA

The solar power purchase contract (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 maintains the solar photovoltaic (PV) system and the customer accepts to buy power from the system at a fixed price per kilowatt-hour (kWh) for a predetermined duration. PPAs with solar are a popular method for schools, businesses and other entities to go solar with little to no upfront expense. Although solar PPAs can offer significant financial advantages, it’s important to understand that you will be relinquishing many of the benefits associated with owning your solar PV system. For instance, you’ll not be able to avail of tax credits for solar as well as other incentive programs, nor will you be able to sell excess power to grid. Furthermore, you may be subject to annual price increases, as well as early termination fees in the event that you decide to terminate the agreement prior to the expiration of the term. As such, it is essential to take a careful look at all of the pros and cons of solar PPAs prior to entering into one.