Best Solar Company in Wildomar, CA

The solar power purchase contract (PPA) is an agreement that is financial in nature. a third-party solar developer manages, owns, and maintains the photovoltaic (PV) system and a client accepts to buy power from the system at the fixed rate per kilowatt-hour (kWh) for a specified duration. Solar PPAs are a common way for businesses, schools, and other organizations to switch to solar power with minimal to no upfront expense. Although solar PPAs can offer significant financial benefits, it is important to understand that you will be relinquishing some of the advantages which come with having your own solar panel. For instance, you won’t not be able to take advantage of tax credits for solar or other incentives, nor will you be allowed for selling excess electricity to the grid. Furthermore, you may be subject to annual price increases and fees for early termination should you opt to end the contract before the end of the agreement. This is why it’s important to carefully consider all of the pros and cons of solar PPAs before entering into one.