Best Solar Company in West Hills, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which an outside solar developer is the one who owns, manages and maintains the photovoltaic (PV) system and the customer is obligated to purchase energy from the system at a fixed price per kilowatt-hour (kWh) over a predetermined duration. PPAs with solar are a popular way for businesses, schools and other entities to make the switch to solar at a low to no upfront cost. While solar PPAs may provide substantial economic benefits, it’s essential to realize that you will be relinquishing some of the advantages that come with owning your own solar panel. For instance, you’ll not have the opportunity to take advantage of tax credits for solar and other benefits, nor will you be allowed for selling excess electricity to the grid. Additionally, you could be subject to annual price increases and fees for early termination should you opt to end the contract before the end of the term. As such, it is essential to take a careful look at all the pros and cons of solar PPAs prior to entering into one.