Go Solar with OPEX – Your Hassle-Free Route to Solar Savings
Experience solar power like never before with our OPEX Model. As the ideal solution for those wanting to enjoy solar benefits without the upfront costs, this model puts you in the solar spotlight.
What's the OPEX Model?
Think of the OPEX or Renewable Energy Service Company (RESCO) model as leasing a solar power plant. You provide the space for solar panels, and we handle everything else. We back your solar journey from financing, installation, operations to maintenance. On top of that, you get low-cost power and potential net metering benefits.
Why should you go for the OPEX Model?
It’s simple! With OPEX, you enjoy solar power savings, monetize your unused space, and become a part of the solar power community, without the installation and maintenance hassle.
Highlights of OPEX Model Solar – Operating Expenditure Model
- You enjoy all the benefits of solar energy without any set-up costs.
- The plant is owned and operated by the solar company.
- The installer bears the entire project’s capital costs incurred in installing a rooftop system upfront.
- All other liabilities like system design, paperwork, permissions, knowledge exchange, and operations and maintenance of the system for the duration of its lifetime are done by installer.
- If your area offers net metering, you’ll be reimbursed for any excess electricity you generate and inject back to the grid.
- You gain from low-cost power and savings on your electricity bill.
- The Return on Investment (RoI) benefit accrues to the Investor.
Key Points
Homeowner offers Premises
The consumer provided his unused space for no cost.
RESCO invests capital
RESCO undertakes to bear all capital expenses and risks.
Installation
RESCO setup solar plant in the customer premises.
Power purchase agreement
The customer and developer sign PPA contract.
What are the benefits of the OPEX Model?
Embrace the OPEX Model and relish discounted power costs sans the strain of setup, maintenance, and operation costs. Plus, enjoy converting your unused space into a solar power hub!