Best Solar Company in Woodcrest, CA

A solar power purchase agreement (PPA) is a financial agreement in which the third-party solar developer is the one who is the one who owns, manages and maintains the photovoltaic (PV) system, and a customer is obligated to purchase electricity from the system for an agreed-upon price per kilowatt hour (kWh) for a specific duration. Solar PPAs are a popular way for businesses, schools, and other organizations to switch to solar power with minimal or no upfront costs. While solar PPAs may provide substantial financial advantages, it’s important to understand that you’ll lose certain benefits which come with having your own solar panel. For instance, you won’t not have the opportunity to take advantage of solar tax credits as well as other incentive programs, nor will you be able transfer excess energy to grid. In addition, you may be subject to annual price increases and early termination fees should you opt to end the contract before the end of the contract. As such, it is important to carefully consider all of the advantages and disadvantages of solar PPAs prior to signing one.