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21

Financial Model and Business Perspective

Investment Cost for a Solar Project in an Educational Institution

"Shobuj Shikkhangon" initiative provides a cost-effective and efficient solution for implementing solar projects in educational institutions. For example, installing a 10kw solar project may require approximately 600,000 BDT (six lakh taka).

This cost includes:
• Solar panels (Mono N-Type Bifacial)
• Inverter (On Grid Hybrid)
• Battery 5000W (Lithium-Ion, 10 years+ Life)
• Panel Mounting Structure (Locally made & making-carrying-fitting charges excluded)
• Carrying charges for solar equipments (excluded)
• Electrical Ancillary equipments
• Solar Installation charges

NB: The cost of the solar project may vary depending on the size of the educational institution and its electricity demand.

Annual Savings, Income, and Loan Repayment Timeline

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 24,000 to 36,000 BDT per year.
• Surplus electricity sales: Approximately 36,000 to 60,000 BDT per year.
• Total annual savings and income: Approximately 60,000 to 96,000 BDT 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 income: 60,000 to 96,000 BDT.
Total income over 20 years:
• 60,000 × 20 = 1,200,000 BDT (lower limit).
• 96,000 × 20 = 1,920,000 BDT (upper limit).
Total profit over 25 years:
• 300,000 to 480,000 BDT during loan repayment in 5 years.
• 1,200,000 to 1,920,000 BDT in 20 years.
**Total profit over 25 years:
• 1,500,000 to 2,400,000 BDT.

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.

Bank Loans and Other Financial Benefits

"Shobuj Shikkhangon" model offers opportunities for easy bank loans.

Loan terms:
• Loan amount: 600,000 BDT
• Annual interest rate: 5%
• Repayment period: 5 years (60 months)
• Monthly installment: Approximately 11,388 BDT

Total repayment:
• Total interest: Approximately 83,280 BDT
• Total payable amount: 6,83,280 BDT

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.

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