Best Solar Company in Duarte, CA

A solar power purchase agreement (PPA) is an agreement that is financial in nature. a third-party solar developer is the one who owns, manages and maintains its solar photovoltaic (PV) system and the customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) over a specific duration. PPAs with solar are a popular method for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront cost. While solar PPAs can provide significant economic benefits, it’s crucial to be aware that you’ll be losing many of the benefits associated with owning your own solar panel. For instance, you won’t not be able to avail 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 prior to the expiration of the agreement. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs prior entering into one.