Best Solar Company in Hawthorne, CA

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer owns, operates, and maintains the solar photovoltaic (PV) system, and a customer accepts to buy electricity from the system for a fixed price per kilowatt-hour (kWh) for a specific period of time. PPAs with solar are a popular way for businesses, schools, and other organizations to go solar with little to no upfront cost. While solar PPAs may provide substantial financial advantages, it’s important to understand that you’ll be losing certain benefits which come with having your own solar power system. For instance, you won’t not be able to take advantage of tax credits for solar or other incentives, nor will you be in a position transfer excess energy to grid. Additionally, you could be subject to annual price increases and also early termination charges if you choose to cancel the contract before the end of the term. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs before entering into one.