Best Solar Company in Rancho Santa Margarita, 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 manages its solar photovoltaic (PV) system and the customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) for a predetermined period of time. Solar PPAs are a common option for schools, businesses and other entities to switch to solar power with minimal or no upfront costs. Although solar PPAs can offer substantial economic benefits, it’s essential to realize that you’ll lose certain benefits associated with owning your solar PV system. 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 in a position for selling excess electricity back to the grid. Additionally, you could be in the midst of annual price hikes, as well as early termination fees if you choose to cancel the agreement before the end of the agreement. As such, it is crucial to consider all of the pros and cons of solar PPAs prior entering into one.