Best Solar Company in Menifee, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who manages, owns, and manages its solar photovoltaic (PV) system and a client agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) during a specific duration. Solar PPAs are a common method for schools, businesses and other entities to go solar with little to no upfront cost. While solar PPAs can provide significant financial benefits, it is essential to realize that you’ll lose many of the benefits that come with owning your solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be able transfer excess energy back to the grid. In addition, you may be susceptible to price increases every year and also fees for early termination should you opt to end the agreement prior to the expiration of the agreement. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs prior to entering into one.