Best Solar Company in Sun Valley, CA

The solar power purchase contract (PPA) is a financial agreement in which an outside solar developer is the one who owns, manages and maintains its solar photovoltaic (PV) system and a client accepts to buy electricity from the system for the fixed rate per kilowatt-hour (kWh) for a specific duration. Solar PPAs are a popular method for schools, businesses, and other organizations to make the switch to solar at a low to no upfront cost. While solar PPAs may provide significant financial advantages, it’s essential to realize that you will be relinquishing certain benefits associated with owning your solar power system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar or other incentives, nor will you be in a position for selling excess electricity back to the grid. Additionally, you could be in the midst of annual price hikes, as well as early termination fees if you choose to cancel the agreement prior to the expiration of the contract. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs prior to signing one.