Best Solar Company in Riviera, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which the third-party solar developer is the one who manages, owns, and maintains the solar photovoltaic (PV) system and a client is obligated to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) for a predetermined period of time. PPAs with solar are a popular option for schools, businesses, and other organizations to make the switch to solar at a low to no upfront cost. While solar PPAs may provide substantial financial benefits, it is essential to realize that you’ll lose some of the advantages associated with owning your solar power system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, nor will you be in a position for selling excess electricity back to the grid. Furthermore, you may be in the midst of annual price hikes, as well as early termination charges if you choose to cancel the agreement prior to the expiration of the agreement. Therefore, it’s important to carefully consider all the pros and cons of solar PPAs before entering into one.