Best Solar Company in Ravenna, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the photovoltaic (PV) system, and a customer is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a common way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial financial advantages, it’s crucial to be aware that you’ll be losing some of the advantages associated with owning your solar panel. For instance, you won’t not be able to avail of tax credits for solar or other incentives, and you will not be allowed transfer excess energy back to grid. In addition, you may be susceptible to price increases every year, as well as early termination charges in the event that you decide to terminate the contract before the end of the contract. Therefore, it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior signing one.