SolarTown offers direct sales of solar rooftop systems, allowing customers to take advantage of accelerated depreciation tax benefits. SolarTown rooftop installations, when purchased outright, have a payback period as low as five years. SolarTown rooftop installations allow customers to reduce their electricity bill by locking in a fixed cost per kWh that is significantly lower over a 25-year period than purchasing electricity from DISCOMs.
A Power Purchase Agreement is a contract to buy solar power based on a set rate that is usually equal to or less than market rate from your local utility company. Because your solar electric rate is locked in, you can also protect yourself from the volatility of future utility rate increases.
As a solar PPA customer, you only pay for solar power, not the solar equipment or installation. SolarTown installs, maintains and owns the solar system on your rooftop or property.
SolarTown is one of the first to offer a zero-down lease and unique purchase options for residential and commercial customers in the 1 kW – 300 kW size in India. SolarTown’s lease model delivers a unique value proposition for customers looking to lower their energy bills: “Pay nothing upfront, pay less tomorrow.”
SolarTown’s no upfront cost long-term lease models and fixed solar energy rates, protecting its customers from rising electricity prices.
SolarTown also generates cash flow by leasing and subleasing solar assets to its customers through lease and sale and lease back models.