The most common solar rooftop financing option where customer has to pay 100% cost upfront.You purchase a solar panel system outright and can begin installation as soon as you’re ready. Cash purchase offers complete access to federal, state, and local solar initiatives where available, which can offset solar project cost significantly. Cash purchase typically offers the maximum return on a solar investment. One among many advantages of this model is that consumers are eligible to claim accelerated depreciation to gain tax savings & make reasonable return on investment. Consumers who are facing high liquidity problems are not advised to opt for this finance option.
Access to all solar incentives available
Fewer parties involved offers greater potential savings
Reduces total time required for installation
Generally offers maximum return on investment
Under the RESCO model, a third-party company finances, installs, operates and maintains the rooftop solar project. A power purchase agreement is signed between the installer and the consumer at a mutually agreed price (tariff). The main advantage of this model is that consumer can install a solar PV system and simultaneously have the choice whether or not to consume the electricity.
In Power Purchase Agreement the project developer can sell the power back to the building owner in favor of a lower solar power tariff. The excess power could be sold by the developer to the utility.
No capital investment
Only pay for electricity consumed
No responsibility for operations or maintenance
Lower energy rates than standard electric
Government of India is encouraging adoption of solar energy by every Indian. To promote convenient adoption and use of solar energy, public sector banks & private banks have been given statutory instruction by Ministry of Finance to offer loan at reasonable cost. We encourage all Indians to go solar with easy financing facility.