Best Solar Company in Las Flores, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which a third-party solar developer owns, operates, and maintains its solar photovoltaic (PV) system and the customer agrees to purchase energy from the system at an agreed-upon price per kilowatt hour (kWh) for a specific duration. Solar PPAs are a common method for schools, businesses, and other organizations to go solar with little or no upfront costs. Although solar PPAs can offer substantial financial benefits, it is important to understand that you’ll lose many of the benefits associated with owning your own solar PV system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar or other incentives, nor will you be in a position for selling excess electricity to the grid. Furthermore, you may be subject to annual price increases and also early termination charges should you opt to end the contract before the end of the agreement. Therefore, it’s important to carefully consider all the pros and cons of solar PPAs prior to signing one.