Best Solar Company in Laguna Beach, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer is the one who owns, manages and maintains its 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 duration. Solar PPAs are a common method for schools, businesses, and other organizations to switch to solar power with minimal or no upfront costs. Although solar PPAs can offer significant financial advantages, it’s important to understand that you will be relinquishing many of the benefits associated with owning your own solar panel. For instance, you’ll not be able to take advantage of solar tax credits and other benefits, and you will not be allowed for selling excess electricity to the grid. Additionally, you could be subject to annual price increases and fees for early termination if you choose to cancel the agreement prior to the expiration of the contract. This is why it’s essential to take a careful look at all the pros and cons of solar PPAs prior to signing one.