Solar power generation rental plant

How does a solar power plant lease work?

Once the customer chooses to go for leasing, Thermax brings on board the financial partner who then conducts the necessary due diligence. Once approved, an EPC order is placed on Thermax to set up the solar power plant with agreed specifications and timelines.

What is the installed capacity of rooftop solar power plants in India?

The installed capacity of rooftop solar power plants in India is estimated to be approx. 6,000 MW. Industrial and commercial customers have been at the forefront of setting up solar power plant for captive consumption accounting for more than 67% of the installed base.

Should you invest in a solar power plant?

The plant not only generates free power for 25 years, but you can also gain by claiming accelerated depreciation and reducing your carbon footprint, besides meeting RPO obligation through solar power. However, it might not always be possible to allocate capital for investing in solar power plant.

Should you lease a rooftop solar system?

Leasing provides a perfect solution for gaining most of the benefits of self-financing with little upfront investment. In this model, the customer obtains the rooftop solar system on lease from a financing partner by agreeing for a down payment (typically 15%-20%) and an agreed lease rental for a fixed period (up to 60 months).