Solar Water Heater

A Boon To Be Happy

Your Empowerment Through SOLAR WATER HEATER

• Oh! It is too Cold!
  
  
• What? No hot Water!
  
  
• Power Cut!
  
  
• High Electricity Bills!

Do not panic! Syndicate Bank can help you to have copious hot water. Powercuts and rising electricity bills are past worries, You are free from such hassles.

Syndicate Bank launches an Eco-friendly low interest loan scheme to solve your energy crisis in collaboration with Ministry of Non-Conventional Energy Sources, Government of India.

You can harvest solar energy through solar water heating system financed under the scheme. Utilise the opportunity to install the system with soft loan facility  from all the branches of Syndicate Bank and save substantially your time, money and energy.

WHAT IS IT! Solar Water heater is a device to heat the water upto a temperature of 60 C to  80 C.

WHAT IT COMPRISES OF? The system consists of a flat plate collector, water storage tank, pipes and fittings. It can be used for domestic and commercial purposes, depending on your need.

How it works? The solar energy incident on the absorber panel coated with selective coating transfers the heat to rising pipes underneath the absorber pane. The water passing through the riser gets heated up and is delivered to the storage tank.

How much it costs? (Approximate unit costs of Solar Water heating Systems of Bureau of Indian Standards certification.

System Capacity in

 

 

Liters per day (LPD)	Cost of the System
	For Flate Plate Collector(FPC)	For Evacuated Tube Collector(ETC)
50 LPD	--	Rs. 7125
75 LPD	--	Rs. 10,875
100 LPD	Rs.20,000	Rs 13,500
200 LPD	Rs.38,500	Rs 26,250
250 LPD	---	Rs 31,875
300 LPD	Rs, 55,000	Rs 37,500
400 LPD	Rs.71,500	Rs 48,750
500 LPD	Rs.88,000	Rs 60,000
600 LPD	Rs.96,000	Rs 65,150
1000 LPD	Rs.1,60,000	Rs 1,08,600
1500 LPD	Rs.2,40,500	Rs 1,62,900
2000 LPD	Rs.3,20,000	Rs 2,17.200

What About MAINTENANCE?

Nothing to worry!
It is very minimal except periodic glass cleaning, checking the leakage and valve functioning.

REVISED SCHEME FOR FINANCING SOLAR WATER HEATING SYSTEMS

With a view to promoting widespread use of solar water heaters, the above scheme has been introduced incorporating the following features:

1. The revised scheme is being implemented in collaboration with Indian Renewable Energy Development Agency Ltd. (IREDA), a Public Sector Company and the corporate financing arm of the Ministry of Non-conventional Energy Sources.
   
   
2. Soft loans are now available at an interest rate of 2% p.a. to domestic users (except in the states of North-East, Sikkim, Himachal Pradesh, Islands, Jummu & Kashmir and for new states e.g. Uttaranchal, Chattiasgarh, and Jarkhand where interest free loans to domestic users will be available), 3% to institutional users(not availing accelerated depreciation) and  5% to industrial / commercial users (availing depreciation)
   
3. The borrowers are eligible for loan up to 85% of the cost of the system repayable over a period of 5 years.
   
   
4. Solar Water Heating Systems comprising of Flat Plate Collectors (FPC) or Evacuated Tube Collectors (ETC) are eligible to be financed under the scheme.