Best Solar Company in Stanton, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and manages its solar photovoltaic (PV) system and the customer agrees to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specific duration. Solar PPAs are a popular option for schools, businesses and other entities to switch to solar power with minimal to no upfront cost. While solar PPAs may provide substantial economic benefits, it’s important to understand that you’ll be losing some of the advantages which come with having your solar panel. For example, you will not be able to avail of tax credits for solar or other incentives, and you will not be allowed to sell excess power back to the grid. Additionally, you could be susceptible to price increases every year, as well as early termination fees if you choose to cancel the agreement prior to the expiration of the contract. This is why it’s essential to take a careful look at all of the advantages and disadvantages of solar PPAs prior signing one.