Best Solar Company in Pasadena, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system and the customer is obligated to purchase power from the system at the fixed rate per kilowatt-hour (kWh) for a predetermined duration. Solar PPAs are a common option for schools, businesses, and other organizations to switch to solar power with minimal to no upfront expense. Although solar PPAs can offer significant financial advantages, it’s important to understand that you will be relinquishing some of the advantages that come with owning your solar panel. For example, you will not have the opportunity to take advantage of solar tax credits and other benefits, and you will not be allowed for selling excess electricity to the grid. Additionally, you could be subject to annual price increases, as well as fees for early termination 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 before signing one.