Best Solar Company in Valle Vista, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions in which the third-party solar developer is the one who is the one who owns, manages and manages the solar photovoltaic (PV) system and a client is obligated to purchase power from the system at the fixed rate per kilowatt-hour (kWh) during a predetermined period of time. Solar PPAs are a common method for schools, businesses and other entities to make the switch to solar at a low to no upfront expense. While solar PPAs can provide significant financial benefits, it is crucial to be aware that you’ll lose certain benefits that come with owning your solar PV system. For instance, you’ll not have the opportunity to take advantage of solar tax credits as well as other incentive programs, and you will not be allowed for selling excess electricity back to grid. Additionally, you could be subject to annual price increases, as well as early termination fees should you opt to end the agreement prior to the expiration of the agreement. As such, it is essential to take a careful look at all of the pros and cons of solar PPAs before signing one.