Best Solar Company in South San Jose Hills, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who is the one who owns, manages and manages the photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) for a specified duration. PPAs with solar are a popular way for businesses, schools, and other organizations to go solar with little to no upfront cost. Although solar PPAs can offer substantial economic benefits, it’s crucial to be aware that you’ll lose certain benefits that come with owning your own solar PV system. For instance, you won’t not be able to avail of tax credits for solar or other incentives, nor will you be able transfer excess energy back to grid. Additionally, you could be subject to annual price increases and also early termination charges should you opt to end the agreement before the end of the contract. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior signing one.