Best Solar Company in South Park, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer manages, owns, and maintains its solar photovoltaic (PV) system, and a customer is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) over a specific period of time. Solar PPAs are a common option for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront cost. While solar PPAs can provide significant financial advantages, it’s important to understand that you will be relinquishing some of the advantages which come with having your solar panel. For example, you will not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be allowed for selling excess electricity to grid. Furthermore, you may be susceptible to price increases every year and also early termination charges should you opt to end the agreement before the end of the contract. Therefore, it’s essential to take a careful look at all the pros and cons of solar PPAs prior entering into one.