In the BOOT (Build Own Operate Transfer)/ RESCO (Renewable Energy Service Company ) model, an investor or project developer invests the CAPEX and consumer pays for the energy consumed/supplied by the solar power project delicately developed for a particular consumer. Both consumer and developer sign a long-term power purchase agreement (PPA) for period ranging from 15 / 20 / 25 years with an agreed tenure & tariff.
BOOT is for those, who don’t want to invest cash or take business loan but instead enjoy the cheaper source of energy and save money.
ZERO Operational and maintenance cost.
Pay only for consumed units.
The plant will be a asset and enjoy the power generation at free of cost after the PPA tenure.