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New Utility Provider In SoCal Guarantees Cheaper Electricity Rates This Summer!

July 08, 20242 min read

Facing frequent blackouts, rising power costs, and poor customer service, a growing number of homeowners are turning away from traditional power companies in search of better alternatives. An increasingly popular solution lies in something called a Power Purchase Agreement (PPA). 

Understanding Power Purchase Agreement (PPA)

PPAs are contracts in which a homeowner agrees to purchase a set amount of power from a third-party provider at a fixed rate. These contracts can offer numerous benefits, from more stable power supply to significant financial savings and the potential for a reduced carbon footprint. The best part, the homeowner gets the equipment for free so that they can pay less for energy every month - given they qualify.

Comparing PPA to Traditional Power Companies

In general, PPAs offer a significantly lower rate per kilowatt-hour than conventional utility providers. By minimizing dependency on the unpredictable price movement of electricity, homeowners who opt for PPAs enjoy a more stable, predictable energy bill.

Furthermore, PPAs tend to offer better reliability than traditional power companies, with fewer interruptions or blackouts. Long-term, homeowners with PPAs may also contribute more significantly to sustainability, as many PPA providers generate power via renewable energy sources.

How to Switch to PPA

For homeowners considering a switch to PPA, start by researching and identifying potential PPA providers in your area. Thoroughly review any potential agreement terms and conditions before signing. Keep in mind, making the switch from traditional utilities to PPA is a big decision and may bring changes to your home’s infrastructure, hence enhanced due diligence is needed and working with a professional is recommended especially if a new roof or additional construction might be needed.

Schedule your free solar consultation with one of our experts to see if solar is the right fit for you.


PPA Case Studies

Many homeowners have benefited from switching to PPAs. These success stories often highlight significant savings, while some homeowners are especially pleased by the environmental impact of their decision. Nevertheless, it's important to understand that switching to PPA can come with challenges, such as contract complexities and installation logistics. Proper research and planning can help overcome these is highly recommended.

PPA is emerging as a compelling alternative for homeowners fed-up with the rising costs and reliability issues prevalent with traditional power providers. This guide provides a starting point towards embracing this smart, sustainable, and cost-effective solution.

FREE Solar Consultation! 

My Solar Solutions is a complimentary solar brokerage that helps you find the right solar (PPA) solution for you! 


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