Best Solar Company in Winter Gardens, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains its solar photovoltaic (PV) system and the customer accepts to buy power from the system at an agreed-upon price per kilowatt hour (kWh) over a predetermined duration. Solar PPAs are a common option for schools, businesses, and other organizations to switch to solar power with minimal or no upfront costs. While solar PPAs may provide significant economic benefits, it’s essential to realize that you’ll be losing many of the benefits associated with owning your solar power system. For example, you will not be able to take advantage of solar tax credits as well as other incentive programs, and you will not be allowed transfer excess energy to grid. Furthermore, you may be susceptible to price increases every year, as well as early termination fees should you opt to end the agreement prior to the expiration of the contract. As such, it is essential to take a careful look at all the advantages and disadvantages of solar PPAs before entering into one.