1. Where do credits come from?
Your savings come in the form of credits on your electric bill. To generate credits, Smart Solar Investment Club install solar capacity on hosting premises. These hosts pay Sun for the solar power generated, which is then forwarded to you as credits.
These credits are then applied on your power bill as a discount on the due amount.
2. How many credits do I get?
You receive credits for the power produced by the solar system. The amount of credits you get depends on the capacity you reserve, the sunlight that falls on the panels and the price host pays for the electricity.
3. Why do hosts pay for power?
The host uses all the solar energy produced by the system and pays Smart Solar Investment Club a fixed rate for it. The cost of this solar power is 30-40% lower than their local electric utility rates. Additionally, after 15 years the project is transferred to them, and with that their cost for power falls down to zero.
4. Use your credits to save on your bills?
Credits are added to your wallet on a daily basis. You can link them to accounts from all power providers across India while paying through Smart Solar Investment Club.
