Self Finance ( CAPEX MODEL)
Solar plant is suitable for industry, commercial establishments, hospitals etc.
1. Free Energy and great return on investment :
Energy at no extra cost for first few years and free for rest of years ( life span of solar panel is more than 25 years)
2. Accelerated Depreciation :
Section 32 of IT act permits accelerated depreciation of 80% of solar project value in thr first year and 20% in the second year. Thus more than 50 % plant cost is recovered in the first year. ROI is from 3 to 5 years. Thus CAPEX Cost is recovered in 3 to 5 years.
3. Energy reliability :
Solar energy system guarantees and permanent source of your own free power station with no fluctuation in supply or price. It is not affected by issues like labor strike.
4. Fight against Global Warming :
Solar is a pollution free renewable green energy source of power. This helps in reducing Global warming.