Best Solar Company in Mira Loma, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system, and a customer accepts to buy energy from the system at a fixed price per kilowatt-hour (kWh) over a specified period of time. PPAs with solar are a popular way for businesses, schools as well as other institutions to make the switch to solar at a low to no upfront expense. While solar PPAs may provide substantial financial benefits, it is essential to realize that you’ll be losing certain benefits associated with owning your own solar PV system. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be allowed for selling excess electricity to grid. In addition, you may be in the midst of annual price hikes and early termination fees if you choose to cancel the agreement prior to the expiration of the term. As such, it is important to carefully consider all of the pros and cons of solar PPAs prior to signing one.