Financing a Commercial Solar Rooftop
Ishwar Raj Solutions makes arrangement for raising funds for financing the projects from the commercial banks and other state level financial institutions on the terms of competitive interest rate structures, reasonable security norms and long repayment period up to 15 years.
Self funding for commercial solar rooftops
Tata Power Solar / Ishwar Raj Solutions carries out the PV system installation but the customer finances, takes full ownership of and operates the PV system itself. All benefits of the PV system — including all Accelerated Depreciation Benefit as well as onsite electricity savings — are received directly by the customer. The operation and maintenance (O&M) of the installed PV system, plant and equipment is either undertaken by the customer direct or through a maintenance contract with Tata Power Solar/ Ishwar Raj Solutions.
Lease purchase (asset financing) for commercial solar rooftops
TATA POWER SOLAR / Ishwar Raj Solutions can arrange Asset financing through TATA CAPITAL on lease hold basis for the installation of (secured against project assets) solar project. Under this scheme TATA CAPITAL (Lessor) has the ownership of the asset funded and the Customer (Lessee) get the rights to use the electricity against the lease rentals as per Agreement. The customer undertakes O&M directly or through a maintenance contract with TATA POWER SOLAR / Ishwar Raj Solutions.
Power Purchase Agreement (PPA) for commercial solar rooftops
Solar power purchase agreement (PPA) is a financial agreement where TATA POWER SOLAR/ Ishwar Raj Solutions arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost. TATA POWER SOLAR/ Ishwar Raj Solutions sells the power generated to the customer at a fixed rate that is typically lower than the local utility’s retail rate. This lower cost of electricity serves to offset the customer’s purchase of electricity from the grid while the developer receives the income from these sales of electricity as well as any tax credits and other incentives generated from the system.
PPAs typically range from 10 to 25 years and the developer remains responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA contract term, a customer may be able to extend the PPA, have the developer remove the system or choose to buy the solar energy system from the developer
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