Best Solar Company in Lakeland Village, CA

A solar power purchase agreement (PPA) is an agreement that is financial in nature. an outside solar developer is the one who owns, manages and maintains the photovoltaic (PV) system and a client is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) for a specified duration. Solar PPAs are a common method for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront cost. Although solar PPAs can offer substantial financial benefits, it is crucial to be aware that you will be relinquishing some of the advantages which come with having your solar panel. For example, you will not have the opportunity to take advantage of solar tax credits or other incentives, nor will you be allowed to sell excess power back to grid. Additionally, you could be susceptible to price increases every year and early termination charges should you opt to end the agreement prior to the expiration of the contract. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs prior entering into one.