Best Solar Company in Richland, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which a third-party solar developer owns, operates, and maintains its solar photovoltaic (PV) system and a client agrees to purchase electricity from the system for the fixed rate per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common way for businesses, schools as well as other institutions to go solar with little to no upfront expense. Although solar PPAs can offer significant financial benefits, it is important to understand that you’ll lose many of the benefits which come with having your own solar panel. For instance, you won’t not be able to avail of tax credits for solar and other benefits, and you will not be in a position to sell excess power back to the grid. Furthermore, you may be subject to annual price increases, as well as early termination fees should you opt to end the contract before the end of the term. This is why it’s important to carefully consider all of the pros and cons of solar PPAs before entering into one.