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Opex
A solar lease or Opex model allows you to install solar panels by making a monthly payment to a third-party solar installer or RESCO (Renewable energy solar company) that owns and maintains the system while you use the electricity generated.
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Capex
In the CAPEX or Capital Expenditure model, the consumer pays for the equipment, installation, operation, and maintenance of the solar energy system. In short, the consumer bears the capital expenditure of the solar installation. .
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PPA
A Power Purchase Agreement (PPA) is an arrangement in which a solar service provider designs, builds, owns, operates, monitors, and maintains a photovoltaic (PV) system, and a customer agrees to site the system on its roof or elsewhere on its property and purchase the system's electric output from the solar services ...
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Rental model
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).
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Open access
In November 2023, the Maharashtra Electricity Regulatory Commission (MERC) announced significant amendments to its green open access policy. The biggest change was the 10x reduction in minimum load requirement. From the previous 1 MW, now consumers with a sanctioned load of 100kW or more can avail green open access.
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Govt. Subsidy program
How & how much subsidy on solar can be availed? Subsidy/Support is available from Central Government through MNRE. The subsidy available on the installation of grid-connected solar rooftop power plants is 30% of the benchmark cost. Government institutions including PSUs shall not be eligible for the subsidy.
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Emi model
DEFERRED PAYMENT (DP)/EMI (the payment model) means the buyer/offtaker has requested the SNAD/ “Investor”/Lessor of the “project” to purchase the equipment and install the solar power plant at the “Premises” under DEFERRED PAYMENT(DP)/EMI (the payment model) wherein buyer / offtaker will pay for the cost of equipment ....
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