Best Solar Company in Culver City, CA

The solar power purchase contract (PPA) is an agreement that is financial in nature. an outside solar developer owns, operates, and maintains its solar photovoltaic (PV) system, and a customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) for a predetermined duration. PPAs with solar are a popular option for schools, businesses as well as other institutions to go solar with little or no upfront costs. While solar PPAs may provide significant economic benefits, it’s crucial to be aware that you’ll be losing some of the advantages associated with owning your own solar PV system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar or other incentives, nor will you be allowed to sell excess power to the grid. Additionally, you could be susceptible to price increases every year and also early termination fees in the event that you decide to terminate the contract before the end of the term. As such, it is crucial to consider all of the pros and cons of solar PPAs prior entering into one.