Best Solar Company in Willowbrook, CA

The solar power purchase contract (PPA) is an agreement for financial transactions in which a third-party solar developer manages, owns, and maintains the solar photovoltaic (PV) system and a client agrees to purchase energy from the system at a fixed price per kilowatt-hour (kWh) during a specified period of time. PPAs with solar are a popular way for businesses, schools, and other organizations to switch to solar power with minimal to no upfront expense. While solar PPAs may provide substantial economic benefits, it’s important to understand that you’ll be losing some of the advantages that come with owning your solar power system. For example, you will not have the opportunity to take advantage of tax credits for solar as well as other incentive programs, and you will not be in a position for selling excess electricity to grid. Furthermore, you may be susceptible to price increases every year and fees for early termination in the event that you decide to terminate the agreement before the end of the term. This is why it’s crucial to consider all the pros and cons of solar PPAs prior to entering into one.