Have any quires go through our FAQ?
Here we provide answers to a few of the common questions people have about Solar Panels, How we work and about VGO Solar.
VGO Solar finances Apartment common power solar projects that have an energy consumption requirement equivalent Rs.20,000 to Rs.5,00,000/.
VGO Solar is involved in the full life cycle of the project – starting from financing, design, procurement, construction, commissioning, operations and maintenance (O&M) for the duration of the Power Purchase Agreement term.
Normally, project viability evaluation takes 1-2 weeks. Confirming funding for the project takes a further 2-4 weeks. Lastly, project deployment takes 8 weeks. So, a plant will normally go live within 40 to 60 days of signing the Power Purchase Agreement.
The Customer will only be billed for the quantity of power generated. All of the power generated has to be consumed by the customer. As part of our billing process, VGO Solar will show transparently during the process of generation what has been consumed so far. If Excess energy generated and sold to the DISCOM that amount should be returned to VGO Solar by customer
VGO Solar will take plant and machinery insurance during the installation of the plant. The insurance period will be for the period of the Power Purchase Agreement.
6. Does VGO Solar require any form of security deposit from the Customer before commissioning of the solar plant?
VGO Solar requires a 3 to 6 month security deposit (sum equivalent to 3 or 6 months of electricity bill). The minimum-security deposit amount will be defined on the outcome of the financial due diligence conducted by our team. The security deposit will be returned to the Customer at the end of the PPA term, subject to there being no breach of contract terms.
Solar panels can last anywhere between 25 to 30 years, sometimes more. But this doesn’t mean the panels on your roof will stop producing electricity after a couple of decades. It just means their energy production will decrease by what solar panel manufacturers consider optimal to meet the average energy needs.
With the proper care and maintenance, you can expect to receive significant solar production over the next 20 to 30 years. Our solar lease plan includes a comprehensive service guarantee that’ll keep your system in top shape for the duration of your solar agreement.