Best Solar Company in Norco, CA

The solar power purchase contract (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and manages the solar photovoltaic (PV) system and a client is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common option for schools, businesses as well as other institutions to make the switch to solar at a low to no upfront expense. While solar PPAs can provide significant financial advantages, it’s essential to realize that you’ll be losing many of the benefits that come with owning your own solar power system. For instance, you won’t not have the opportunity to take advantage of solar tax credits or other incentives, nor will you be able transfer excess energy back to grid. In addition, you may be subject to annual price increases and also early termination fees if you choose to cancel the contract before the end of the agreement. As such, it is essential to take a careful look at all the pros and cons of solar PPAs before entering into one.