Best Solar Company in La Presa, CA

The solar power purchase contract (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 power from the system at an agreed-upon price per kilowatt hour (kWh) for a predetermined duration. Solar PPAs are a popular way for businesses, schools, and other organizations to switch to solar power with minimal to no upfront cost. Although solar PPAs can offer significant economic benefits, it’s important to understand that you’ll lose some of the advantages which come with having your own solar PV system. For instance, you won’t not be able to take advantage of tax credits for solar and other benefits, nor will you be able transfer excess energy back to grid. Additionally, you could be susceptible to price increases every year, as well as early termination charges if you choose to cancel the contract before the end of the term. Therefore, it’s important to carefully consider all the pros and cons of solar PPAs before signing one.