Best Solar Company in Lincoln Village, CA

A solar power purchase agreement (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 the customer accepts to buy energy from the system at the fixed rate per kilowatt-hour (kWh) over a predetermined duration. Solar PPAs are a popular method for schools, businesses as well as other institutions to go solar with little to no upfront cost. Although solar PPAs can offer substantial financial advantages, it’s crucial to be aware that you’ll be losing certain benefits that come with owning your solar power system. For instance, you’ll not be able to take advantage of solar tax credits and other benefits, nor will you be able for selling excess electricity back to the grid. Additionally, you could be susceptible to price increases every year, as well as fees for early termination in the event that you decide to terminate the agreement prior to the expiration of the contract. Therefore, it’s essential to take a careful look at all the pros and cons of solar PPAs prior to signing one.