Best Solar Company in Westmont, CA

The solar power purchase contract (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and manages the solar photovoltaic (PV) system, and a customer accepts to buy energy from the system at the fixed rate per kilowatt-hour (kWh) over a specified duration. Solar PPAs are a common option for schools, businesses, and other organizations to switch to solar power with minimal to no upfront expense. While solar PPAs may provide substantial financial advantages, it’s crucial to be aware that you’ll lose many of the benefits which come with having your solar PV system. For instance, you won’t not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be allowed transfer excess energy back to grid. In addition, you may be susceptible to price increases every year, as well as fees for early termination in the event that you decide to terminate the agreement before the end of the contract. Therefore, it’s important to carefully consider all of the advantages and disadvantages of solar PPAs prior entering into one.