Best Solar Company in University Heights, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system, and a customer is obligated to purchase energy from the system at an agreed-upon price per kilowatt hour (kWh) over a specific duration. Solar PPAs are a common option for schools, businesses, and other organizations to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer significant financial advantages, it’s essential to realize that you’ll lose certain benefits which come with having your own solar power system. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be able transfer excess energy to grid. Additionally, you could be in the midst of annual price hikes and early termination charges should you opt to end the agreement before the end 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 entering into one.