Best Solar Company in Monrovia, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and manages the photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) for a specific period of time. PPAs with solar are a popular option for schools, businesses, and other organizations to make the switch to solar at a low or no upfront costs. While solar PPAs may provide substantial financial benefits, it is essential to realize that you will be relinquishing certain benefits which come with having your solar panel. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, nor will you be able transfer excess energy to grid. Furthermore, you may be in the midst of annual price hikes and also early termination fees in the event that you decide to terminate the agreement before the end of the agreement. As such, it is important to carefully consider all of the pros and cons of solar PPAs prior to entering into one.