Best Solar Company in Walnut, CA

The solar power purchase contract (PPA) is a financial agreement in which an outside solar developer owns, operates, and maintains the photovoltaic (PV) system and a client is obligated to purchase power from the system at a fixed price per kilowatt-hour (kWh) for a specified duration. PPAs with solar are a popular way for businesses, schools, and other organizations to go solar with little or no upfront costs. Although solar PPAs can offer substantial financial benefits, it is crucial to be aware that you’ll be losing many of the benefits that come with owning your solar PV system. For instance, you’ll not be able to avail of tax credits for solar as well as other incentive programs, and you will not be able for selling excess electricity to the grid. Additionally, you could be in the midst of annual price hikes and also early termination fees should you opt to end the agreement prior to the expiration of the term. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs prior signing one.