Best Solar Company in Highland Park, 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 the solar photovoltaic (PV) system and a client is obligated to purchase energy from the system at the fixed rate per kilowatt-hour (kWh) during a specified period of time. PPAs with solar are a popular option for schools, businesses, and other organizations to go solar with little to no upfront expense. While solar PPAs may provide significant financial advantages, it’s crucial to be aware that you’ll lose many of the benefits which come with having your solar power system. For instance, you won’t not have the opportunity to take advantage of solar tax credits and other benefits, and you will not be allowed transfer excess energy back to the grid. Furthermore, you may be susceptible to price increases every year, as well as fees for early termination should you opt to end the agreement prior to the expiration of the term. Therefore, it’s crucial to consider all the pros and cons of solar PPAs prior to entering into one.