Best Solar Company in Eastvale, CA

The solar power purchase contract (PPA) is an agreement that is financial in nature. an outside solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system and the customer agrees to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a common method for schools, businesses, and other organizations to switch to solar power with minimal or no upfront costs. While solar PPAs can provide substantial financial benefits, it is important to understand that you’ll be losing many of the benefits that come with owning your solar power system. For example, you will not be able to avail of solar tax credits as well as other incentive programs, and you will not be in a position for selling excess electricity back to the grid. Additionally, you could 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 contract. Therefore, it’s essential to take a careful look at all of the pros and cons of solar PPAs prior entering into one.