Best Solar Company in La Habra Heights, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and maintains the photovoltaic (PV) system, and a customer is obligated to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) over a specified duration. Solar PPAs are a popular method for schools, businesses, and other organizations to make the switch to solar at a low or no upfront costs. While solar PPAs can provide significant economic benefits, it’s crucial to be aware that you will be relinquishing many of the benefits that come with owning your solar panel. For instance, you won’t not have the opportunity to take advantage of solar tax credits and other benefits, nor will you be in a position to sell excess power 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. Therefore, it’s important to carefully consider all of the advantages and disadvantages of solar PPAs prior signing one.