Best Solar Company in Poway, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which a third-party solar developer 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 an agreed-upon price per kilowatt hour (kWh) over a predetermined period of time. Solar PPAs are a popular way for businesses, schools, and other organizations to make the switch to solar at a low or no upfront costs. While solar PPAs can provide significant financial benefits, it is important to understand that you’ll be losing many of the benefits associated with owning your solar panel. For example, you will not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be in a position for selling excess electricity to grid. Additionally, you could be subject to annual price increases and also early termination charges should you opt to end the agreement before the end of the term. This is why it’s important to carefully consider all of the pros and cons of solar PPAs prior to entering into one.