The objective of this assignment is to develop an Area Based Energy Service Company (ESCO) Model for Solar Water Heating (SWH) and to assess the potential of Carbon
Financing in order to achieve scale in SWH development in the country. In the recent years, India has witnessed considerable progress in SWH development. A total of 3.53 million sq. m. of SWH collector area has so far been installed in the country, of which about 1.55 million sq. m. has been installed since 2005-06. Several initiatives taken in the last few years have resulted in
acceleration in the pace of development. These measures include capital and interest subsidies,
promotion of local manufacturing, and other measures. These have resulted in a virtuous development cycle.