Best Solar Company in Marina del Rey, CA

An agreement to purchase solar energy (PPA) is an agreement that is financial in nature. the third-party solar developer is the one who owns, operates, and manages its solar photovoltaic (PV) system and the customer accepts to buy energy from the system at an agreed-upon price per kilowatt hour (kWh) for a specific period of time. Solar PPAs are a common way for businesses, schools and other entities to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer significant financial advantages, it’s important to understand that you’ll be losing certain benefits which come with having your own solar PV system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar and other benefits, nor will you be able transfer excess energy to the grid. Additionally, you could be subject to annual price increases, as well as fees for early termination if you choose to cancel the contract before the end of the agreement. This is why it’s essential to take a careful look at all of the pros and cons of solar PPAs prior signing one.