Solar RESCO
What is Solar RESCO
RESCO is a zero-investment model that saves the consumer from making an upfront investment while relieving from the operations and maintenance costs involved in the renewable energy project. Here both the CAPEX and OPEX are borne by the RESCO developer while the consumer can benefit by procuring the renewable energy at a competitive rate through a long-term contract. Navitas Solar offers an excellent RESCO proposition through its competence in renewable power equipment production, finance
Benefits Of Solar Resco Model
Zero Capital InvestmentUnlike Solar CAPEX model, where rooftop owner invests in Solar EPC, under Solar RESCO the Solar RESCO developer invests in solar assets, while the rooftop owner or client commits to buy the solar energy produced from the said installation through a long term contract.
Zero Capex
In Solar RESCO agreement, the developer undertakes complete liability to operate & maintain the solar installation for the entire period of contract. Since such contracts are executed by solar expert companies, it ensures better performance and life cycle of solar assets compared to Solar CAPEX Model.
Government Support
Government of India offers various subsidies & offers under its various schemes on various costs to the Solar RESCO Developer. The key objective is to increase current Solar RESCO investments from 1GW to 40GW by year 2022. Some states offer very lucrative subsidy schemes to attract investments in Solar & Renewable Energies.
Stable Energy Cost
Since Solar RESCO arrangements are long-term contracts between RESCO Developer and Rooftop owner or Consumer, it ensures a predefined and a stable supply of clean uninterrupted solar power at fixed contractual rates for a long tenure, giving energy expense control.
Power Optimisation
Since RESCO Developer brings in various expertise & technologies to the solar project, it helps maintain several records and generate various analytics to optimize overall power consumption by monitoring & acting depending on load pattern for an even & optimized consumption.
RESCO Installations
