Best Solar Company in Arlington, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and manages its solar photovoltaic (PV) system and the customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) during a specific period of time. 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 substantial financial benefits, it is important to understand that you’ll lose many of the benefits that come with owning your own solar PV system. For example, you will not have the opportunity to take advantage of solar tax credits as well as other incentive programs, nor will you be allowed for selling excess electricity to the grid. In addition, you may be subject to annual price increases, as well as early termination fees if you choose to cancel the agreement before the end of the contract. This is why it’s essential to take a careful look at all the advantages and disadvantages of solar PPAs prior entering into one.