Best Solar Company in San Marino, 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 accepts to buy energy from the system at the fixed rate per kilowatt-hour (kWh) for a specific duration. Solar PPAs are a common method for schools, businesses as well as other institutions to make the switch to solar at a low or no upfront costs. Although solar PPAs can offer significant economic benefits, it’s essential to realize that you’ll be losing many of the benefits associated with owning your solar panel. For instance, you won’t not be able to take advantage of tax credits for solar and other benefits, nor will you be allowed transfer excess energy to the grid. Furthermore, you may be in the midst of annual price hikes and early termination fees should you opt to end the agreement prior to the expiration of the agreement. Therefore, it’s crucial to consider all of the advantages and disadvantages of solar PPAs before signing one.