Best Solar Company in Stuart, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and maintains the photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for a fixed price per kilowatt-hour (kWh) during a specified duration. PPAs with solar are a popular method for schools, businesses and other entities to go solar with little to no upfront expense. Although solar PPAs can offer significant financial advantages, it’s essential to realize that you’ll lose many of the benefits that come with owning your own solar PV system. For instance, you’ll not be able to avail of solar tax credits as well as other incentive programs, nor will you be able for selling excess electricity back to grid. In addition, you may be susceptible to price increases every year, as well as early termination charges in the event that you decide to terminate the agreement before the end of the contract. As such, it is important to carefully consider all the pros and cons of solar PPAs prior entering into one.