Best Solar Company in Paris, CA

A solar power purchase agreement (PPA) is a financial agreement in which an outside solar developer manages, owns, and manages the photovoltaic (PV) system, and a customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) for a specified duration. PPAs with solar are a popular method for schools, businesses, and other organizations to make the switch to solar at a low or no upfront costs. While solar PPAs may provide significant financial advantages, it’s crucial to be aware that you will be relinquishing certain benefits which come with having 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 transfer excess energy back to grid. Additionally, you could be susceptible to price increases every year and also fees for early termination if you choose to cancel the contract before the end of the term. This is why it’s essential to take a careful look at all the pros and cons of solar PPAs prior entering into one.