Solarization - Commercial & Industrial
Most Asked Questions …
• Solar plant generates 4-5 units per day
• Refer to your electricity bill to deduce average monthly consumption. Use this to find out the system size required.
What capacity plant would we require?
•Each kW takes 80 sq-ft
•From step1, find out how much space would be required
What is the space requirement?
•Approximately 39K-47K per kW
What would be the cost?
•No. Government offers subsidy only for residential segment
Any Subsidy?
•Yes. We have attractive financing options
•Look at OPEX model to go solar with no upfront investment and immediate expense relief
Any financing assistance?
Financial Models
CAPEX
• Customer invests and owns the system
• Cost ~ 39k-47k per kw
• Return:
• End of 3 years: 100% amount recovered
• 4
th
year onwards: cash-cow earning Rs
18K/kw @0 investment
• Finance option available
• Accelerated depreciation and/or GST claim
OPEX
• Solar company invests in installation and
maintenance of the solar system on
customer’s rooftop and sells electricity to
customer at a discounted rate
• Power Purchase Agreement (PPA) usually
for 10 years
• Savings ~ 40-70% savings on bill
✓ Rs 4-6 per unit (for 20 years agreement)
✓ Rs 5-7 per unit for 10 years agreement
• After agreement, ownership is transferred
to the customer
CAPEX
KVA Price
(Monocrystalline)
(per watt)
Price
- Polycrystalline
(per
watt)
10-25
46.08
45.22
25-100
43.75
40.87
> 100
42.15
39.13
Configuration
Solar Panel
(Waaree/Gautam or eqv)
Inverter (Growatt or eqv)
Structure (Fixed, no-
elevation, GI)
AMC at extra charge
Rate Card
Commercials
EMI can be structured so that EMI is
equal to electricity bill – no additional
burden due to solarization
Financing: Rate of Interest - 8-15%
Accelerated depreciation (3 years)
GST benefit ~15%
✓ GST Extra
✓ Transportation, installation, liasoning included