Best Solar Company in Gage, CA

A solar power purchase agreement (PPA) is a financial agreement in which the third-party solar developer is the one who is the one who owns, manages and maintains its solar photovoltaic (PV) system, and a customer accepts to buy power from the system at an agreed-upon price per kilowatt hour (kWh) over a specific period of time. Solar PPAs are a common way for businesses, schools as well as other institutions to make the switch to solar at a low to no upfront expense. While solar PPAs may provide significant financial advantages, it’s important to understand that you’ll lose certain benefits which come with having your solar PV system. For instance, you’ll not be able to take advantage of solar tax credits or other incentives, nor will you be allowed for selling excess electricity back to the grid. In addition, you may be subject to annual price increases and also fees for early termination should you opt to end the agreement before the end of the contract. This is why it’s crucial to consider all of the advantages and disadvantages of solar PPAs before entering into one.