FINANCING (OPEX / RESCO)
FINANCING (OPEX / RESCO)
Financing through OPEX (Operating Expense) or RESCO (Renewable Energy Service Company) models provides businesses and homeowners with accessible options for adopting solar energy solutions without the upfront costs. Under OPEX, the provider owns and maintains the system, while the customer pays for the energy consumed. RESCO involves a third-party financing entity installing and operating the system on the customer’s premises, with the customer purchasing the generated electricity at agreed-upon rates, offering flexibility and cost-effectiveness in transitioning to renewable energy.
Financing through OPEX or RESCO models enables organizations and individuals to benefit from solar energy with minimal financial risk. With OPEX, customers avoid upfront capital investment and instead pay for energy consumed, allowing for immediate cost savings on electricity bills. RESCO arrangements provide a similar advantage by allowing customers to enjoy the benefits of solar power without bearing the burden of system ownership or maintenance. These financing options are particularly attractive for businesses and homeowners looking to reduce operational costs and environmental impact while leveraging sustainable energy solutions. Overall, OPEX and RESCO models democratize access to solar power, driving widespread adoption and contributing to a greener future.