Solar panels will now be installed for free | Renewable Energy Resources | Jagran Business

24 Aug, 2023 Author: Tarun Kohli

Renewable energy requires the installation of solar panels, which requires a one-time investment. As a result, many people find it prohibitively expensive to install solar panels by paying a large sum all at once, but a new model has been proposed. It has been done so that you will be able to pay your monthly electricity bill generated by solar panels, and you will not have to face the cost of installing solar panels; instead, a firm will carry the complete cost of it.

What is the RESCO model?

RESCO (Renewable electricity Service Company) offers consumers with electricity from renewable sources. It has presented the company's model, in which solar panels are mounted on the roof. The corporation retains ownership and administration of the solar panels placed under the RESCO concept. The electricity generated by the project is either sent into the grid or sold to the consumer whose property the solar panels are put on. Consumers are not required to make any investment in RESCO model solar. RESCO oversees the entire installation project, and customers just pay for what they utilise.