Best Solar Company in Solana Beach, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the photovoltaic (PV) system and the customer is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) over a predetermined duration. Solar PPAs are a common method for schools, businesses and other entities to make the switch to solar at a low to no upfront expense. While solar PPAs can provide significant economic benefits, it’s important to understand that you will be relinquishing some of the advantages which come with having your own solar panel. For example, you will not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be able to sell excess power back to grid. Furthermore, you may be in the midst of annual price hikes, as well as fees for early termination in the event that you decide to terminate the agreement before the end of the contract. This is why it’s important to carefully consider all the pros and cons of solar PPAs prior to signing one.