Best Solar Company in Val Verde, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which a third-party solar developer manages, owns, and manages the solar photovoltaic (PV) system, and a customer is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specified duration. PPAs with solar are a popular way for businesses, schools and other entities to go solar with little or no upfront costs. While solar PPAs may provide substantial financial benefits, it is essential to realize that you’ll be losing certain benefits that come with owning your solar power system. For instance, you’ll not have the opportunity to take advantage of solar tax credits and other benefits, and you will not be in a position for selling excess electricity to grid. Additionally, you could be subject to annual price increases and early termination charges if you choose to cancel the contract before the end of the agreement. Therefore, it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior to signing one.