Best Solar Company in Highland Springs, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who manages, owns, and manages the solar photovoltaic (PV) system and the customer accepts to buy energy from the system at a fixed price per kilowatt-hour (kWh) over a specific duration. Solar PPAs are a popular option for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront expense. While solar PPAs can provide significant financial advantages, it’s important to understand that you’ll be losing certain benefits that come with owning your own solar power system. For instance, you won’t not be able to take advantage of tax credits for solar and other benefits, and you will not be allowed transfer excess energy to the grid. Additionally, you could be susceptible to price increases every year and fees for early termination if you choose to cancel the contract before the end of the agreement. As such, it is important to carefully consider all the advantages and disadvantages of solar PPAs before entering into one.