Best Solar Company in West Hills, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer owns, operates, and maintains the solar photovoltaic (PV) system and a client accepts to buy electricity from the system for the fixed rate per kilowatt-hour (kWh) over a specified duration. PPAs with solar are a popular option for schools, businesses and other entities to switch to solar power with minimal to no upfront expense. While solar PPAs can provide substantial financial benefits, it is important to understand that you will be relinquishing some of the advantages which come with having your solar power system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be allowed for selling excess electricity back to the grid. Additionally, you could be in the midst of annual price hikes and early termination fees in the event that you decide to terminate the agreement prior to the expiration of the contract. This is why it’s crucial to consider all of the advantages and disadvantages of solar PPAs prior to entering into one.