Key Features of the project:
Client shares his experience:
Return on Investment
We have used our internal accruals to fund this project, but for academic purposes, I have considered a 100% financed installation at 10% PA interest. I have considered loan tenure of 48 months and zero down payment to make sure that the average monthly savings (plus depreciation benefit) are greater than the EMI, such that the system pays for itself. GST input credit is available to my company so that is 8.9% of the project cost.
Beautifully said in the write up in Investopedia –
“Determining whether to install a PV solar system may seem like a daunting task, but it is important to remember that such a system is a long-term investment. In many locations, solar power is a good choice from a financial perspective. Even if the cost of solar power is found to be marginally more expensive than electricity purchased from a utility, homeowners/ industries may wish to install solar power to avoid future potential fluctuations in energy costs, or may simply wish to look beyond their personal financial motivations and use solar for “green” living.”
Director, Krishi Group
C0-Founder, Tesla Club India
Building a Community for the Future
The blog was written in two parts: Do read the full blog
Highly recommend getting in touch with the team at EcoSoch for any solar installation you plan to go for. Highly professional team and transparent. Super happy with teams works ethics.