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India has a set goal of producing 100GW of grid-connected solar
energy setups across India. Installation of rooftop solar energy setups has
been growing rapidly due to multiple factors such as rising costs of conventional
electricity, low installation cost of solar setup, frequent power outage, high
radiation levels, exhaustion of non-renewable resources, pollution and global
warming.
One of the most famous approaches to setting up a rooftop solar
panel is the RESCO model. A solar
microgrid india is formulated as a rooftop solar energy project
and is planned, developed, financed, installed and operated by a solar
epc company in india under
the RESCO model. The power generated from the rooftop solar energy project is
supplied to the consumer residing in the premises.
What is a RESCO
Solar Model?
RESCO is a Renewable Energy Service Company that initiated a solar resco model developed
with a zero investment approach specifically for rural areas and urban cities.
In a RESCO model, the solar energy panel is owned by the Village Solar Solutions Company India, the user pays
solely for the energy/power used in the premises. RESCO model is ideal for
those consumers who cannot afford to own a solar panel at their premises. The
RESCO company install a solar panel at the premises and charge the consumers
solely for the power consumed. This method is way more cost-saving than conventional
electricity supply.
A Capex offer is
when a solar epc company in india install solar power panels at your premises,
and you become the owner of the solar asset. The consumer invests and owns the
system.
RESCO model is
called Solar OPEX
Under the PPA (Power Purchase Agreement), the solar resco model retains complete
ownership of the solar energy project throughout the PPA agreement and has full
responsibility for installing, operating and maintaining the solar power
project. The RESCO model was developed to motivate and boost the installation
of solar energy projects across the country. Once the PPA term is completed,
the ownership of the solar project is transferred to the customer.
Advantages of RESCO
Model
RESCO and CAPEX models are two different solar energy project
models which are mainly differentiated based on ownership but fulfil the same
purpose. In a solar resco model,
the company is liable to bear all operational and maintenance costs, consumer
only pays for the power/energy consumed. According to the PPA term agreement,
the customer is only liable to pay for using the energy/power similar to
leasing. The ownership belongs to the RESCO company.
1. Less
Expensive
The RESCO model is less expensive compared to the CAPEX model as
the company bears all costs including operations and maintenance costs. The
customer only pays for the energy/power consumed through the solar grid.
2. Ownership
Belongs to the Company
According to the
project's PPA, the ownership belongs to the RESCO company. The company is fully
liable for installing, operating, monitoring, managing and maintaining the
rooftop solar project under the solar resco model.
3. Additional Revenue From RESCO Model
The state rule allows RESCO to sell excess power/electricity generated
from the solar grid for an attractive feed-in tariff to generate more revenue
from the rooftop RESCO project.
Contact us
Tech Solar Solutions Pvt. Ltd
https://www.techsolar.org/
Mumbai Off No. 30, 3rd Floor, 285 Shahid Bhagat Singh Road,
Fort, Mumbai 400001
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