Best Solar Company in Santa Fe Springs, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and manages its solar photovoltaic (PV) system and the customer accepts to buy energy from the system at an agreed-upon price per kilowatt hour (kWh) during a predetermined period of time. Solar PPAs are a common option for schools, businesses and other entities to go solar with little to no upfront cost. Although solar PPAs can offer significant financial benefits, it is essential to realize that you’ll be losing some of the advantages that come with owning your solar panel. For instance, you’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, nor will you be able for selling excess electricity to grid. In addition, you may be subject to annual price increases and early termination charges if you choose to cancel the agreement before the end of the agreement. As such, it is important to carefully consider all of the pros and cons of solar PPAs before entering into one.