"PV Loan" Let Villagers "Basking in the Sun to Make Money."

In recent years, photovoltaic power generation in Lin'an City has achieved rapid development. In order to meet the funding requirements of the off grid solar system project and enhance the ability of financial support for supply-side reforms, City Credit Union Ltd and Hangzhou Foster photovoltaic Ltd. to cooperate, launched the "PV loan ", Let more villagers to earn money from basking in the sun become a reality.
In October 2015, Lin'an Credit Union launched "PV-Loan" pilot. Earlier this year, with the municipal government held a distributed PV power promoting meeting, increased the "Photovoltaic Loan" promotional efforts. The loans took the form of a "zero down payment" "zero monthly" for households to install rooftop solar power plant provide financial support, and to give preferential interest rates, all perform the benchmark interest rate. The Household simply need the list of installation expenses provided by the Foster company will be able to loan without providing proof of other assets.After installation, the grid generation electricity can be sold to the State Grid Corporation, generating revenue to repay the loan by year, but also get subsidies from all levels of national, provincial, municipal each year. Taking into account the grid tariff revenue and subsidy income lag, "PV loan" first loan maturity date of the loan at the end of the year served the next year, divided into 10-year return. After paying off the loan, generating income and subsidies will be for the installation households . It is estimated that the average household annual power generation are about 3600 degrees, can produce about RMB 4,000 yuan in revenue.
 "PV-Loan" be pushed out, for rural credit cooperatives, the measure is in response to government strong support for the healthy development of photovoltaic industry, but also a business model innovation, is a good carrier for developing new customers; for the people, installing home portable solar generator system do not need to spend a penny of their own, equivalent to more than a long-term, stable source of income; for the government and society, it created a "new energy + new Countryside" innovation mode, for saving energy and reducing row, improve energy structure and natural environment plays an important role, is a good thing for country and benefit people, win-win situation. It is reported that the association plans to deliver 2000 households in 2016 full-year.