Financing Options

FINANCING OPTIONS

We provide the flexibility to set up solar PV systems under three options. In each of these, the guarantee to deliver high quality solar PV systems on EPC basis remains with Thermax. The customer can choose to pay for the plant upfront, pay only for the units generated or lease the plant for a certain period.

Own Your Solar Plant

The solar PV system will be funded and owned by the customer. Our experts will design an optimal plant configuration and install it on a turnkey basis. Post commissioning, our team will run the plant efficiently under an operation and maintenance agreement.

Accelerated depreciation benefit

Payback period of less than 3.5* years

Free power for 25 years or more

Lease With Ease

Thermax offers its customers the option to set up a solar PV system on a 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 the lease term, the customer has the option to acquire the asset at the nominal residual value.

Tax benefit by claiming entire lease rental as an expense

Savings in electricity cost as the rental outflow is less than the cost of generated units

No additional collateral except equipment

Pay as You Consume

We help customers set up solar PV systems with zero upfront investment. Under this model, customers sign a Power Purchase Agreement (PPA) and pay for the units generated at a rate which is cheaper than the grid electricity tariff.

No technical, financial or performance risk

Assured savings for every unit of electricity generated

Comprehensive service solution

Financing Models

Parameters

Investment

Depreciation benefit

Billing

Tenure

Deposit

O&M

Value sharing

CAPEX

Self


Yes


None


NA


No


End user/EPC


100% to customer

LEASING

Leasing company/NBFC


No


Monthly EMI


5 yrs


Yes


End user/EPC


70%-80% to customer,
20%-30% to leasing company

OPEX

Thermax / 3rd party


No


Monthly pre-determined tariff per unit


15 yrs/20 yrs/25 yrs


Yes


Responsibility of investor


60%-70% to customer,
40%-30% to investor

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