Best Solar Company in Vincent, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer owns, operates, and maintains its solar photovoltaic (PV) system and the customer agrees to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) during a specific duration. Solar PPAs are a common option for schools, businesses and other entities to make the switch to solar at a low to no upfront expense. Although solar PPAs can offer significant economic benefits, it’s important to understand that you’ll be losing certain benefits associated with owning your own solar panel. 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 in a position transfer excess energy to grid. In addition, you may be subject to annual price increases, as well as fees for early termination if you choose to cancel the agreement prior to the expiration of the contract. This is why it’s crucial to consider all of the pros and cons of solar PPAs prior signing one.