To ensure smooth project execution and timely procurement of solar equipment, Renewable Powr Management follows a structured payment policy.
Standard Payment Schedule
30% Advance — Rate Locking
A 30% advance payment is required to lock the rates for critical components such as solar panels and inverters, along with the installation of structure and wiring.
60% Before Material Delivery
60% of the total project cost must be paid before the delivery of key components, including solar panels and inverters, to the project site.
10% Final Payment
The remaining 10% shall be payable after successful completion of net metering and final commissioning of the solar system.
Partial Advance Payment
If the customer pays less than 30% as an advance, any increase in the prices of critical components due to market fluctuations shall be borne by the customer.
Financing Facility
For customers opting for financing:
- 20% advance payment is required at the time of booking.
- The remaining amount must be disbursed through the approved loan within three weeks.
- Any delay in loan disbursement may result in revised material pricing.
- Price changes arising due to delayed financing disbursement shall be borne by the customer.
Payment-Related Note
Project execution, procurement, and material dispatch shall be subject to the agreed payment schedule and project terms.