Best Solar Company in Taylor, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and manages the photovoltaic (PV) system, and a customer accepts to buy electricity from the system for the fixed rate per kilowatt-hour (kWh) during a predetermined duration. PPAs with solar are a popular way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront cost. Although solar PPAs can offer substantial economic benefits, it’s crucial to be aware that you will be relinquishing many of the benefits that come with owning your solar power system. For instance, you won’t not be able to avail of solar tax credits as well as other incentive programs, and you will not be able to sell excess power to the grid. Additionally, you could be susceptible to price increases every year and fees for early termination if you choose to cancel the agreement prior to the expiration of the term. As such, it is important to carefully consider all of the pros and cons of solar PPAs prior to entering into one.