Best Solar Company in Wilmington, CA

An agreement to purchase solar energy (PPA) is a financial agreement in which the third-party solar developer is the one who owns, operates, and maintains the solar photovoltaic (PV) system, and a customer is obligated to purchase energy from the system at the fixed rate per kilowatt-hour (kWh) over a predetermined duration. Solar PPAs are a common option for schools, businesses as well as other institutions to go solar with little or no upfront costs. While solar PPAs may provide substantial economic benefits, it’s important to understand that you’ll be losing certain benefits associated with owning your own solar PV system. For example, you will not be able to take advantage of solar tax credits as well as other incentive programs, and you will not be allowed to sell excess power to the grid. Additionally, you could be subject to annual price increases and also fees for early termination in the event that you decide to terminate the contract before the end of the agreement. Therefore, it’s important to carefully consider all of the pros and cons of solar PPAs prior to entering into one.