A Renewable Energy Service Company (RESCO) is an ESCO Energy service company which provides energy to the consumers from renewable energy sources, usually solar photovoltaics, wind power or micro hydro.RESCOs include investor owned, publicly owned, cooperatives, and community organisations.Main characteristics
The main characteristics of a RESCO are:
The household serviced does not own the generation equipment, which is owned by an external organisation such as a Government agency or the RESCO;
The user does not carry out maintenance, all maintenance and repair service is provided by the RESCO;
The user pays a service charge that covers the capital repayment requirement and the cost of providing for maintenance and repairs.
The concept is much like that of a conventional electric utility in that the generation equipment is not owned by the user and the electricity that is generated is made available to the customer for a fee. The fee charged to the user include
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