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RE: Life as a Renewable Energy Engineer | Part 1 | Lets learn some basics about Solar
Yeah, I also interested in this field. But as I know the initial cost is very high in this project. And what about the maintenance? So, is it profitable with the loan recovery?
This is a very interesting article. And good luck with your future works!
Lets say we can fix a 5.4kW system at your home. You can get a loan at 4% interest upto 10 years repayment period. Your monthly installment will be about Rs 8600/-. You can generate about 600 units per month. And for the first 7 years CEB is paying Rs 22/- per unit. Lets say your monthly electricity usage is 150 units. Then you can give 450 units to CEB per month. That means CEB is paying you 450x22=9900. After deducting your loan installment you have Rs 1300 in your hand every month (plus electricity bill is zero).
Conclusion is "loan repays it self!"
Yeah... Fair enough!! Thanks for the time for the explanation!! Let's see in the future!!! Hope to see some more articles on this