What factors affect your EPC rating and Why?
India has visibly seen a remarkable transition towards using renewable energy sources over recent years. And Solar energy has gained considerable momentum, apparently. This sector offers huge potential and attention due to its business prospects. Many new ventures and establishments are jumping in the bandwagon to offer services in such dealings. Therefore, it is paramount to trade with Certified and Legit Solar EPC companies in the Indian market. Since the companies are labor-intensive and often deal with large-scale projects, opting for a reliable source is wise. Decision-making is an art and is one of the main vital aspects of any industry. The solar sector is no different from this convention.
Engineering, Procurement, and Construction (EPC) within the alternative energy sector could be a contracting arrangement that makes the EPC contractor liable for all the design, procurement, construction, commissioning, and handover of the project to the end-user or the asset-owner.
To review the credibility of the company and to safeguard the interests of the end-user or the owner, allow Soleos, one of the leading solar EPC companies in Ahmedabad to dissect some elements that have to be realized while procuring Solar EPC Services.
Following are the factors that have to be emphasized upon taking any decision in this regard.
Solar projects embrace an excellent range of components. And for every element, options are many in consideration with quality and value range. Once you define an exhaustive scope of supplies and services, from solar panels to connections, your plant is ensured to possess a long, prosperous life. Watch out for contracts only in solar capacity with no information handed over for number, total, and make of solar modules, inverters, and many more. Also, keep into consideration the formal aspects of the EPC processes.
Unlike Soleos, every EPC contractor shows a graph of savings and payback supported electricity generation, which is unfortunately exaggerated fairly often. Savings and paybacks run collaterally with solar projects. An honest contractor like Soleos which one of the leading solar EPC companies in Ahmedabad guarantees the required electricity generation, and a fair contract successfully covers that. Now alternative energy is predicated on the sunshine, and sun rays can’t be guaranteed. So, the EPC contractors typically guarantee a Performance Ratio, as per which if the sun is usually shining, a minimum amount of electricity is guaranteed. An interesting point to think about now is that a solar EPC contractor can only guarantee generation if he’s also performing O&M on the plant. So, either your EPC contractor has to enter an O&M agreement in addition or must possibly ensure generation over some weeks or months, so confidence of minimum age is often concluded.
Terms and conditions and the payment amount can get tricky if you do not pay proper attention to taxation, returns, and exclusions. There may be hidden exclusions or confusing clauses within the EPC contract, like unloading of kit, documentation, and costs for statutory clearances that one must watch out for. The most effective course is to create everything all-inclusive.
There are diverse options available in the market when it comes to solar EPC providers and choosing the right one mitigates the risk involved in the journey. Looking for the most straightforward solution must be taken seriously in an exceedingly circumspective manner. These four aspects will facilitate you in your quest to seek out the perfect solar EPC partner.
Why Choose Us?
We are India’s leading and acclaimed solar EPC company Soleos – one of the leading solar EPC companies in Ahmedabad. We offer you the premium quality service at a considerable price, Your One-Stop Solution all Energy Needs. We work on considerable attributes as mentioned below.
We have undertaken multiple commercial and industrial projects and have offered services stringed with many benefits. As one of the most trustable solar EPC companies in Ahmedabad. We provide solar compliance and hassle-free solutions to all your energy needs.
Think Smart Think Soleos.