Best Solar Company in Solana Beach, CA

A solar power purchase agreement (PPA) is a financial agreement in which a third-party solar developer manages, owns, and maintains the solar photovoltaic (PV) system and the customer accepts to buy electricity from the system for the fixed rate per kilowatt-hour (kWh) for a specific period of time. Solar PPAs are a popular way for businesses, schools as well as other institutions to make the switch to solar at a low or no upfront costs. While solar PPAs may provide substantial financial benefits, it is important to understand that you will be relinquishing many of the benefits that come with owning your solar panel. For instance, you’ll not be able to avail of solar tax credits and other benefits, nor will you be allowed to sell excess power back to the grid. Additionally, you could be susceptible to price increases every year and fees for early termination if you choose to cancel the agreement prior to the expiration of the contract. As such, it is important to carefully consider all the pros and cons of solar PPAs prior signing one.