Best Solar Company in Malibu, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system, and a customer accepts to buy power from the system at an agreed-upon price per kilowatt hour (kWh) during a predetermined duration. PPAs with solar are a popular way for businesses, schools, and other organizations to make the switch to solar at a low or no upfront costs. Although solar PPAs can offer significant economic benefits, it’s important to understand that you’ll be losing some of the advantages which come with having your own solar power system. For instance, you won’t not be able to avail of tax credits for solar as well as other incentive programs, nor will you be able transfer excess energy to the grid. Furthermore, you may be subject to annual price increases, as well as early termination charges should you opt to end the contract before the end of the term. As such, it is crucial to consider all the advantages and disadvantages of solar PPAs prior entering into one.