Best Solar Company in Saugus, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system, and a customer agrees to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) during a specific period of time. Solar PPAs are a popular way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront expense. While solar PPAs may provide significant financial advantages, it’s crucial to be aware that you’ll lose some of the advantages associated with owning your own solar panel. For instance, you’ll not be able to take advantage of solar tax credits as well as other incentive programs, nor will you be in a position to sell excess power to the grid. Additionally, you could be susceptible to price increases every year and early termination fees if you choose to cancel the contract before the end of the term. This is why it’s crucial to consider all of the advantages and disadvantages of solar PPAs prior entering into one.