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