Best Solar Company in Claremont, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer manages, owns, and maintains its solar photovoltaic (PV) system and a client agrees to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specific period of time. PPAs with solar are a popular method for schools, businesses as well as other institutions to go solar with little or no upfront costs. While solar PPAs may provide significant financial advantages, it’s crucial to be aware that you’ll lose certain benefits that come with owning your own solar panel. 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 in a position transfer excess energy back to grid. In addition, you may be subject to annual price increases, as well as fees for early termination if you choose to cancel the agreement before the end of the agreement. This is why it’s important to carefully consider all of the advantages and disadvantages of solar PPAs before entering into one.