Owning a Solar Rooftop for your business makes sense.
Kunini Solar EPC has launched its Solar Rooftop Installment Program for SMEs and small businesses. These businesses may lack the capital to invest in a Solar Rooftop or wish to keep their money and enter the Solar instalment program. This article will show you how you can get started with a bit of upfront outlay and start saving on your utility costs right away. The Solar Rooftop will be paid in instalments from the savings you make, and you get to keep some of the savings.
When the Solar Rooftop is paid up, around 6-7 years, you get to save 100% of the savings; it’s a win-win scenario.
The Concept
Any business with an electricity bill of around Bt. 15,000 per month or more and uses a lot of electricity during the daytime can benefit from this program. What type of businesses falls into this category? Office building, shop, café, small factory, shopping mall, garage, restaurant, gym/sauna, home office etc.
Large factories can enter this program too, but terms and conditions may vary.
Uncertain that it works or won’t deliver as expected?
When Kunini started installing Solar Rooftops almost ten years ago, there were two main issues;
1. Does it work? 100% it is a proven energy supply that is clean and green. Just look all around you, Renewable energy is everywhere, Solar, Wind, Hydro. If the future and you can be part of it.
2. Long ROI (return on investment). Long ROI? not anymore! We can say that as of 2020, we have seen returns of as quick as four years, but the general return is between 4-6 years. We don’t expect better returns yet, but systems are becoming more reliable, and yields are increasing with advancements in technology.
Fast forward to today, and we can answer and address these issues efficiently and with confidence.
Be your own power provider, own a Solar Rooftop today. Easy finance options, quick returns and professional service make ownership a breeze.
But for those who are still doubtful about the benefits of Solar PV or the returns and benefits, please look at our blogs on our website www.kunini.com or our Facebook page.
What about maintenance and servicing of the system? With this program, Kunini Solar EPC offers a 5-year O&M package with every finance deal and can provide further maintenance packages after this expires.
Let’s Discuss Performance & Maintenance
Solar O&M (operations and maintenance) is vital to the long life of the Solar PV system. Kunini has installed many Solar Rooftop projects and sends a team to each site every six months to carry out an O&M program. This consists of solar panel cleaning and a full inspection of the system. In addition, all plants are monitored to ensure that the system is always 100% operational. Depending on the site/location, additional service visits may be required; sites near main highways or in industrial estates or close to cement factories may need to have their solar panels cleaned more frequently.
The Kunini Solar EPC team has installed solar PV systems for more than ten years without significant incidents. Typical items like; inverter issue (replacement claim), cracked panel due to external influences, some broken string fuses and the odd MC4 connector replacement. We believe that if the PV plant is under an excellent reliable O&M contract, downtime will be minimal.
Kunini has a Customer Service Manager to take care of customers and schedule maintenance events making sure your PV plant stays in tip-top condition.
How Does Solar Financing Work?
Kunini works with the financier to provide the finance for the project. The program is like leasing a car whereby you pay a small down payment, typically 5-10%. After that, the Solar PV system is installed, and you make monthly instalment payments until the system is paid off. This usually is 6-7 years. So, in summary, the down payment is paid to Kunini Solar EPC (the installer). The balance is paid through instalments to the financier with an interest payment of around 5-6.5% per annum.
Case Example
Let’s use this case example to explain the process. Kunini Solar EPC has surveyed and designed a Solar Rooftop for ABC Hotel, with an installed capacity of 65 kWp. Mee Capital Company Limited (the financier) is a hire purchase service provider; they have agreed to finance the project.
Kunini Solar EPC (Kunini Co., Ltd) enters into an agreement (MOU) with Mee Capital Co., Ltd. They ally to provide financing for Solar Rooftops under agreed conditions; the Solar PV system must be designed to maximise daytime power consumption for the site. The installation must be installed according to the rules and regulations of the ERC, MEA and PEA. We are emphasising safety, yield, and performance guidelines.
Kunini Solar EPC enters into a contract with ABC Hotel to install a Solar Rooftop on their hotel roof.
ABC Hotel pays a down payment of 10% of the project value, to Kunini Solar EPC.
ABC Hotel enters a contract for hire-purchase of the Solar Rooftop with Mee Capital Co., Ltd., whereby the hire-purchase amount is 90% of the project value.
Kunini Solar EPC installs the Solar Rooftop and claims the installation fee (cost of the project) according to the progress of the work with Me Capital Co. Kunini Solar EPC establishes the Solar Rooftop, including final testing commissioning, and then claims the 85% balance from the financier.
For the final 5%, Mee Capital Company will pay Kunini Solar EPC when the licensees from government agencies are released.
The information presented here is an overview to understand how the program works. The data is non-binding until all parties enter into a contract. For your project, contact us for more information and to set up a free survey and consultation.
