Thermax offers its customers the option to set up the solar PV system on lease model. The customer makes a small deposit and agrees to pay a fixed lease rental to the leasing company and Thermax sets up the plant on EPC basis. On the completion of lease term, customer has the option to acquire the asset at the nominal residual value.
- Tax benefit by claiming entire lease rental as expense
- Savings in electricity cost as the rental outflow is less than cost of generated units
- No additional collateral except equipment