Best Solar Company in Norco, CA

The solar power purchase contract (PPA) is a financial agreement in which an outside solar developer manages, owns, and manages its solar photovoltaic (PV) system and the customer agrees to purchase energy from the system at the fixed rate per kilowatt-hour (kWh) during a predetermined duration. Solar PPAs are a popular way for businesses, schools, and other organizations to switch to solar power with minimal to no upfront cost. Although solar PPAs can offer significant financial advantages, it’s important to understand that you will be relinquishing certain benefits associated 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, and you will not be allowed to sell excess power back to grid. In addition, you may be subject to annual price increases and also fees for early termination if you choose to cancel the agreement prior to the expiration of the term. As such, it is important to carefully consider all of the pros and cons of solar PPAs before signing one.