Best Solar Company in Walnut, CA

The solar power purchase contract (PPA) is a financial agreement 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 the customer agrees to purchase energy from the system at a fixed price per kilowatt-hour (kWh) over a specified duration. Solar PPAs are a popular option for schools, businesses as well as other institutions to make the switch to solar at a low or no upfront costs. While solar PPAs can provide significant financial benefits, it is important to understand that you’ll lose some of the advantages which come with having your solar PV system. For instance, you’ll not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, nor will you be allowed to sell excess power to the grid. In addition, you may be subject to annual price increases and early termination charges should you opt to end the agreement prior to the expiration of the agreement. This is why it’s important to carefully consider all the advantages and disadvantages of solar PPAs before signing one.