Solar power equipment for households from NEPC
17 Feb 2007
New Delhi: NEPC India has launched Power House solar energy equipment to provide power for households and shops in 500W and 1000W capacities.
The company is targeting offices, domestic and industrial houses for its new products. The product can run televisions, computers, lighting and fans and can support shops, small restaurants and households, for 8-10 hours.
With an estimated cost of about Rs3 lakh, the product has a payback period of 4 years if one assumes an electricity bill of Rs4,000-Rs6,000 per month for a household. The equipment will have a lifespan of 10 years and augmenting an investment of Rs40,000 after 10 years, the product will run another 10 years.
The company expects a turnover of Rs200 crore in the current year and Rs1,000 crore in the next year with the product. The company also plans to arrange institutional finance for small shop owners to purchase the product.