OFFER

To, / Offer No.BITPL/270116
Date: 27.01.2016
Kind Attn.Shri
Dear Sir,
We are very much thankful to you for giving us chance to submit our offer for on grid ( GRID TIE) Roof top solar power plant as per your requirement, please find here our offer for the same,
Model / System Rating / Qty. / Rate / Amount
40KWp / Design, Engineering, Supply, Erection, Installation & Commissioning of 40KWp On grid connected solar PV plant system generating daily approx.160– 180 units
BOM:
  • Solar Poly Crystalline PV module – 40KWp. MNRE Approved
  • Inverter –ABB/Emerson/Delta/SMA or Equivalent.
  • ACDB/DCDB
  • Array junction Box
  • All required accessories – Reputed make
  • Module Mounting Structure –GI / HDGI
/ 40KWp / 79000 / 31,60,000
NIL tax in Maharashtra
Final Cost to the customer / 31,60,000

General Term& condition:

Installation Charges : included in price.

Transportation:Prices are Ex. Mumbai.

Delivery Period: Within 4-6 weeks from date of order with advance payment.

Payment Terms: 80% Advance with PO, 10% on readiness of material & 10% After Installation.

Warranty: Manufacturers warranty 10 Years for solar panel (as per OEM Terms), Solar panel performance warranty 25 years as per OEM terms.Solar panel will decline in output annuallyby no more than 0.7%. At the end of 25 years at least 80%of peak power can be achieved. 5YrsOEM warranty for Inverter. 5 yrs System warranty.

Customer will have to clean solar panels for dust regularly so that power output does not drop.

We hope you will find our offer suitable and competitive. We look forward to receive your valued order.

Return on Investment _40KWp / AREA REQUIRED / 5000-6000 Sq.ft.
Wp to be installed / 40000
Electricity Generation in Unit ( generation considered for 10 months) / Per Year / 48,000
Total Rate Without Battery / Rs. 31,60,000
Fixing & Installation Charges / Included
1St Year
Effective Investment / Rs. 31,60,000
Cost of Power Generated / 15 / Rs. 7,20,000
Income Tax Savings 80% Depreciation in first year / 30 % / Rs. 7,58,400
Closing balance for 1st year / Rs.16,81,600
2nd Year
Opening balance for 2nd year / Rs.16,81,600
Cost of Power Generated / 15 / Rs. 7,14,960
Income Tax Savings 20% Depreciation in the second year / 30 % / Rs. 189,600
Closing balance for 2nd year / Rs. 7,77,040
3rd Year
Opening balance for 3rd year / Rs. 7,77,040
Cost of Power Generated / 15 / Rs.7,09,955
Closing balance for 3rd year / Rs. 67,085
4th Year
Opening balance for 4th year / Rs. 67,085
Cost of Power Generated in two months / 15 / Rs. 1,17,498
Closing balance for 3 year & two months / (Rs.50,413)

Thus ROI is less than 3 years and two monthsas per the above calculations.

The total life of solar panel is more than 25 years; it will generate electricity for 25 years. The solar panel power output will decline annually by not more than 0.7% of the peak power. Hence power output at the end of 25 years will be at least 80 % of the peak power. In 25 years it will generate 11,00,000 units of electricity.

Capital investment by customer is Rs. 31,60,000/-. The unit rate of electricity generated by this plant will be Rs. 2.87 per unit. Customer’s present rate of power is Rs. 15/- per unit (assumed) which may increase substantially in 25 years.

Thanking you,

For Belifal Innovations & Technologies Pvt. Ltd.

Kumaar Thakkar

MD & Chief Innovator

9821072175