Best Solar Company in West Rancho Dominguez, CA

An agreement to purchase solar energy (PPA) is an agreement for financial transactions in which an outside solar developer manages, owns, and manages the photovoltaic (PV) system and the customer is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) over a specific period of time. Solar PPAs are a common way for businesses, schools, and other organizations to make the switch to solar at a low to no upfront cost. Although solar PPAs can offer substantial economic benefits, it’s essential to realize that you’ll lose certain benefits which come with having your own solar power system. For instance, you won’t not have the opportunity to take advantage of tax credits for solar and other benefits, and you will not be able for selling excess electricity back to the grid. In addition, you may be susceptible to price increases every year, as well as early termination charges if you choose to cancel the agreement before the end of the agreement. This is why it’s important to carefully consider all of the pros and cons of solar PPAs prior entering into one.