Best Solar Company in Ladera Ranch, CA

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system and a client is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) for a specified duration. Solar PPAs are a common method for schools, businesses, and other organizations to make the switch to solar at a low to no upfront cost. While solar PPAs may provide substantial financial benefits, it is crucial to be aware that you will be relinquishing many of the benefits that come with owning your own solar PV system. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be able to sell excess power back to grid. Additionally, you could be subject to annual price increases and early termination fees should you opt to end the agreement prior to the expiration of the agreement. This is why it’s crucial to consider all of the pros and cons of solar PPAs prior entering into one.