Best Solar Company in Santa Maria, CA

An agreement to purchase solar energy (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and manages the solar photovoltaic (PV) system and a client is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) for a predetermined duration. PPAs with solar are a popular option for schools, businesses as well as other institutions to go solar with little to no upfront expense. While solar PPAs may provide significant financial benefits, it is important to understand that you’ll be losing certain benefits which come with having your solar PV system. For instance, you won’t not be able to avail of tax credits for solar as well as other incentive programs, and you will not be allowed for selling excess electricity to the grid. Additionally, you could be in the midst of annual price hikes, as well as early termination fees in the event that you decide to terminate the agreement prior to the expiration of the term. As such, it is important to carefully consider all the pros and cons of solar PPAs prior entering into one.