Best Solar Company in Orangetree, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which a third-party solar developer owns, operates, and manages the photovoltaic (PV) system, and a customer accepts to buy power from the system at the fixed rate per kilowatt-hour (kWh) over a specific duration. Solar PPAs are a common 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 can provide substantial financial benefits, it is essential to realize that you’ll be losing many of the 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, nor will you be able transfer excess energy to the grid. Additionally, you could be susceptible to price increases every year, as well as early termination charges if you choose to cancel the contract before the end of the term. Therefore, it’s crucial to consider all of the pros and cons of solar PPAs prior entering into one.