Under the "Shobuj Planning" Planning, implementing a solar project in an educational institution is relatively cost-effective and efficient. For example, setting up a 20-kilowatt solar project may require an estimated investment of BDT 1,000,000 (On-grid) to BDT 1,400,000 (On-grid Hybrid with Battery).
This cost includes:
• Solar panels (Mono N-Type Bifacial)
• Inverter (On-grid Hybrid/On-grid) Three-phase, minimum 20 kW
• Battery Backup 5000/10000 Watt (Lithium-ion, 12+ years lifespan) if required
• Panel Mounting Structure (Locally made & making-carrying-fitting charges excluded)
• Carrying charges for solar equipments (excluded)
• Electrical Cabling and Accessories
• Solar Project Design, Installation & Commissioning Charges
NB: The cost of the solar project may vary depending on the size of the educational institution and its electricity demand.
By implementing a solar project, the institution can save a significant portion of its electricity bills.
At the same time, significant annual income can be earned by selling surplus electricity through the net-metering system.
Example annual estimate:
• Electricity bill savings: Approximately BDT 48,000 - 72,000 per year.
• Surplus electricity sales: Approximately BDT 48,000 - 72,000 per year.
• Total annual savings and income: Approximately BDT 96,000 - 144,000 per year.
• Loan repayment period: Full repayment of the initial investment is possible in about 5 years.
25-year financial analysis:
Solar panels typically have a lifespan of 25 years, meaning the project will generate profit for an additional 20 years after loan repayment.
Annual profit after 5 years (post-expenses):
• Annual Earnings: BDT 96,000 - 144,000.
Total income over 20 years:
• BDT 96,000 × 20 = 1,920,000 (Lower Limit).
• BDT 144,000 × 20 = 2,880,000 (Upper Limit).
Total profit over 25 years:
• Earnings during loan repayment (5 years): BDT 480,000 - 1,008,000.
• Total Earnings in 20 Years: BDT 1,920,000 - 2,880,000.
**Total profit over 25 years:
• BDT 3,000,000 - 4,800,000
Key aspects: These earnings are not limited to electricity savings and sales. Institutions can use the savings to pay loan installments, ensuring their financial stability.
This model offers a sustainable and profitable solution for educational institutions. Besides saving on electricity costs, they can invest the additional income in new infrastructure and educational development.
"Shobuj Planning" model offers opportunities for easy bank loans.
Additional benefits:
• Government financial assistance or subsidies.
• Special maintenance packages from technology suppliers.
• Income from net-metering electricity sales to aid in loan repayment.
This financial model serves as an affordable and profitable solution for educational institutions. It ensures not only financial benefits but also the participation of institutions in meeting the country's electricity demand.
Union Heights, Level 15, 55/2 Bir Uttam Kazi Nuruzzaman, West Panthapath, Dhaka 1205
