Best Solar Company in Perris, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which an outside solar developer owns, operates, and manages its solar photovoltaic (PV) system and the customer is obligated to purchase power from the system at the fixed rate per kilowatt-hour (kWh) over a specific period of time. Solar PPAs are a popular way for businesses, schools and other entities to go solar with little to no upfront expense. Although solar PPAs can offer significant financial advantages, it’s important to understand that you will be relinquishing many of the benefits that come with owning your own solar panel. For instance, you won’t not be able to take advantage of tax credits for solar as well as other incentive programs, nor will you be allowed for selling excess electricity to grid. In addition, you may be susceptible to price increases every year and also early termination fees if you choose to cancel the agreement before the end of the contract. As such, it is essential to take a careful look at all of the advantages and disadvantages of solar PPAs prior to entering into one.