Best Solar Company in San Marino, CA

A solar power purchase agreement (PPA) is an agreement that is financial in nature. an outside solar developer is the one who owns, manages and manages the solar photovoltaic (PV) system, and a customer accepts to buy power from the system at an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a popular option for schools, businesses, and other organizations to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial economic benefits, it’s essential to realize that you’ll be losing certain benefits that come with owning your solar PV system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be allowed for selling excess electricity back to the grid. Furthermore, you may be in the midst of annual price hikes, as well as early termination charges should you opt to end the contract before the end of the term. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs prior signing one.