Best Solar Company in Whittier, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which an outside solar developer is the one who owns, manages and maintains the solar photovoltaic (PV) system, and a customer accepts to buy energy from the system at a fixed price per kilowatt-hour (kWh) for a specified period of time. Solar PPAs are a common method for schools, businesses as well as other institutions to switch to solar power with minimal to no upfront cost. While solar PPAs can provide significant economic benefits, it’s important to understand that you will be relinquishing many of the benefits which come with having your own solar PV system. For example, you will not have the opportunity to take advantage of solar tax credits or other incentives, and you will not be able to sell excess power back to the grid. Additionally, you could be susceptible to price increases every year and also fees for early termination should you opt to end the contract before the end of the agreement. Therefore, it’s essential to take a careful look at all of the pros and cons of solar PPAs before signing one.