Best Solar Company in Lomita, 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 manages its solar photovoltaic (PV) system and the customer accepts to buy electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specific period of time. Solar PPAs are a popular way for businesses, schools, and other organizations to switch to solar power with minimal to no upfront cost. While solar PPAs may provide significant financial benefits, it is important to understand that you’ll lose some of the advantages associated with owning your own solar power system. For instance, you’ll not have the opportunity to take advantage of solar tax credits and other benefits, nor will you be allowed for selling excess electricity to grid. Furthermore, you may be subject to annual price increases and also early termination fees if you choose to cancel the contract before the end of the agreement. As such, it is important to carefully consider all the advantages and disadvantages of solar PPAs prior to signing one.