Best Solar Company in Rosemont, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains its solar photovoltaic (PV) system and the customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) over a specified period of time. Solar PPAs are a popular way for businesses, schools as well as other institutions to switch to solar power with minimal to no upfront expense. Although solar PPAs can offer substantial financial advantages, it’s important to understand that you’ll lose many of the benefits which come with having your own solar power system. For instance, you won’t not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be allowed to sell excess power to the grid. In addition, you may be subject to annual price increases and also early termination fees in the event that you decide to terminate the agreement before the end of the term. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior entering into one.