Best Solar Company in West Hollywood, CA

A solar power purchase agreement (PPA) is an agreement for financial transactions 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 a client is obligated to purchase power from the system at an agreed-upon price per kilowatt hour (kWh) for a predetermined period of time. PPAs with solar are a popular way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront expense. While solar PPAs can provide substantial financial benefits, it is crucial to be aware that you will be relinquishing some of the advantages which come with having your solar PV system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar and other benefits, nor will you be in a position to sell excess power back to the grid. Furthermore, you may be in the midst of annual price hikes, as well as early termination fees should you opt to end the contract before the end of the term. This is why it’s important to carefully consider all of the advantages and disadvantages of solar PPAs before entering into one.