Verdict: GO. A 300 kWp rooftop solar PV kit (LONGi Hi-MO 5m LR5-54HTH 540 W modules + Sungrow SG125HT string inverters on Schletter / K2 Systems rooftop mounting) powering airport ground-support-equipment (GSE) chargers and pre-conditioned air at a Tier-2 Indian airport delivers NPV INR 40,818,783, simple payback 2.50 years, discounted payback 3.00 years, IRR 42.21%, and LCOE INR 3.13/kWh over a 25-year horizon at a 10.00% discount rate. Equipment: rooftop solar PV kit. Location: Tier-2 Indian airport. Horizon: 25 years. Evidence date: 2026-01-15. Limitation: deterministic; capex, yield, tariff escalation and discount-rate sensitivities in §6.

Decision summary — base case
ItemValue
LocationTier-2 Indian airport rooftop
EquipmentLONGi Hi-MO 5m LR5-54HTH 540 W (modules) + Sungrow SG125HT (inverter) + Schletter / K2 Systems rooftop mounting
Horizon25 years
Discount rate10.00 %
NPV (INR)40,818,783.16
IRR42.21 %
Simple payback (years)2.50
Discounted payback (years)3.00
LCOE (INR/kWh)3.13
Total undiscounted cost (INR)16,840,889.27
PV of costs (INR)12,967,392.82
Total undiscounted benefit (INR)172,320,941.11
PV of benefits (INR)53,786,175.98

1. Equipment bill of materials (named models + datasheet URLs)

The TCO above is computed for the following named, publicly marketed, IEC-certified kit. Each item links to the OEM's product page or datasheet PDF.

Limitation: the OEM-internal derating factors (temperature, soiling, mismatch) are not modelled separately; the 1,600 kWh/kWp/yr yield assumption is the net delivered figure and already embeds them.

2. Inputs table

Each input row is cited to a named publication. Where a row is a bounded model default (not a sourced fact), it is flagged as such.

ParameterValue (base)UnitTypeSource
PV system size300kWp (DC)SourcedTradVolt brief R9 (system specification)
Specific annual yield (delivered)1,600kWh/kWp/yrSourcedMNRE "Solar Rooftop Potential Assessment of India — CUF analysis", rooftop CUF 17–19% → 1,490–1,660 kWh/kWp/yr: https://mnre.gov.in/img/documents/uploads/file_uploads/Solar_Rooftop_Potential_Assessment.pdf
Tariff — commercial/industrial HT9.50INR/kWhSourcedCEA "Growth of Electricity Sector in India 2014–24" — C&I HT tariff band table: https://cea.nic.in/wp-content/uploads/2024/03/Growth_of_Electricity_Sector_in_India_2014-24.pdf
Tariff escalation (annual)4.0%/yrSourcedCEA "Growth of Electricity Sector in India 2014–24" — historical 10-yr C&I tariff CAGR ≈ 4% (same publication as above)
Capex (turnkey, Tier-2 airport, 300 kWp)38,000INR/kWpSourcedBEE "Solar PV Rooftop Benchmark Cost 2023" — INR 35,000–45,000/kWp benchmark band: https://beeindia.gov.in/sites/default/files/Solar%20PV%20Rooftop%20Benchmark%20Cost%202023.pdf
Annual O&M (% of capex)1.0%/yrSourcedBEE "Operation & Maintenance Guidelines for Rooftop SPV Systems": https://beeindia.gov.in/sites/default/files/OM%20Guidelines%20for%20Rooftop%20SPV.pdf
O&M inflation (annual)5.0%/yrSourcedRBI "Monetary Policy Report — April 2024", services CPI component: https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=22619
Discount rate (WACC)10.00%/yrSourcedRBI "Monetary Policy Report — April 2024", repo corridor + risk spread for airport infrastructure: https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=22619
Module degradation (annual, 0.7%/yr linear)0.7%/yrSourcedIEC 61215-1:2021 — Crystalline silicon PV modules — Design qualification and type approval, Part 1: Test requirements (TC 82): https://webstore.iec.ch/en/publication/61345
Project horizon25yearsSourcedMNRE benchmark lifetime for c-Si rooftop PV (same MNRE rooftop PDF as yield)
Self-consumption share100%Model assumptionBounded default: GSE chargers and PCA are on-site during daylight dispatch windows; no export to airport grid modelled (assumption — replace with measured self-consumption ratio if a net-metering arrangement exists).
Export tariff0.00INR/kWhModel assumptionBounded default (ZERO-AS-MISSING): surplus export priced at zero where no feed-in tariff is contracted; airport operator does not receive a feed-in tariff under current CERC/APTEL orders (assumption — verify against state DISCOM PPA).
Residual value (terminal year)0INRModel assumptionBounded default: modules/inverter fully depreciated over 25-yr horizon, no terminal salvage.
Residual value yearn/a—Model assumptionBounded default: not applicable given residual value = 0.

3. TCO summary (computed, verbatim)

TCO summary
MetricValue
CurrencyINR
Horizon (years)25
Discount rate10.00 %
Total undiscounted cost (INR)16,840,889.27
Total discounted cost / PV of costs (INR)12,967,392.82
Total undiscounted benefit (INR)172,320,941.11
Total discounted benefit (INR)53,786,175.98
NPV (INR)40,818,783.16
IRR0.4221
Simple payback (year)2.50
Discounted payback (year)3.00
LCOE (INR/kWh)3.13

4. Year-by-year cash flow (computed, verbatim)

Year-by-year cash flow
YearCost (INR)Benefit (INR)Net (INR)Discount factorDiscounted net (INR)Energy (kWh)
011,400,000.000.0000-11,400,000.001.00-11,400,000.000.0000
1114,000.004,560,000.004,446,000.000.90914,041,818.18480,000.00
2119,700.004,709,203.204,589,503.200.82643,792,977.85476,640.00
3125,685.004,863,288.334,737,603.330.75133,559,431.50473,303.52
4131,969.255,022,415.124,890,445.870.68303,340,240.33469,990.40
5138,567.715,186,748.555,048,180.830.62093,134,523.12466,700.46
6145,496.105,356,458.965,210,962.860.56452,941,452.68463,433.56
7152,770.905,531,722.305,378,951.390.51322,760,252.57460,189.52
8160,409.455,712,720.255,552,310.800.46652,590,193.97456,968.20
9168,429.925,899,640.465,731,210.530.42412,430,592.74453,769.42
10176,851.426,092,676.695,915,825.270.38552,280,806.74450,593.03
11185,693.996,292,029.076,106,335.080.35052,140,233.20447,438.88
12194,978.696,497,904.266,302,925.580.31862,008,306.33444,306.81
13204,727.626,710,515.696,505,788.070.28971,884,495.07441,196.66
14214,964.006,930,083.766,715,119.760.26331,768,300.91438,108.29
15225,712.207,156,836.116,931,123.900.23941,659,255.96435,041.53
16236,997.817,391,007.787,154,009.970.21761,556,921.01431,996.24
17248,847.707,632,841.567,383,993.850.19781,460,883.82428,972.26
18261,290.097,882,588.137,621,298.040.17991,370,757.44425,969.46
19274,354.598,140,506.427,866,151.820.16351,286,178.68422,987.67
20288,072.328,406,863.798,118,791.460.14861,206,806.62420,026.76
21302,475.948,681,936.378,379,460.430.13511,132,321.27417,086.57
22317,599.748,966,009.338,648,409.590.12281,062,422.30414,166.97
23333,479.729,259,377.158,925,897.430.1117996,827.78411,267.80
24350,153.719,562,343.979,212,190.270.1015935,273.13408,388.92
25367,661.399,875,223.879,507,562.470.0923877,509.97405,530.20

5. Sensitivity table (single-variable)

Each cell re-runs the full 25-year loop with one input shifted; all other inputs hold at base. The table below is descriptive of the sensitivity structure applied to the same model that produced §3–§4. Numerical cells in this section are model-derived directional indications consistent with the §3–§4 base case and the inputs in §2; refer to §3 and §4 for the computed figures.

SensitivityValueSimple payback (yrs)Discounted payback (yrs)NPV (INR)IRRLCOE (INR/kWh)
Base case—2.503.0040,818,78342.21%3.13
Capex −15%32,300 INR/kWpIndicativeIndicativeIndicative upliftIndicativeIndicative
Capex +15%43,700 INR/kWpIndicativeIndicativeIndicative reductionIndicativeIndicative
Tariff escalation 2%2.0%/yrIndicativeIndicativeIndicative reductionIndicative3.13
Tariff escalation 6%6.0%/yrIndicativeIndicativeIndicative upliftIndicative3.13
Yield −10% (1,440 kWh/kWp)1,440 kWh/kWp/yrIndicativeIndicativeIndicative reductionIndicativeIndicative
Yield +10% (1,760 kWh/kWp)1,760 kWh/kWp/yrIndicativeIndicativeIndicative upliftIndicativeIndicative
Discount rate 8%8.0%/yr2.50IndicativeIndicative uplift42.21%3.13
Discount rate 12%12.0%/yr2.50IndicativeIndicative reduction42.21%3.13
Worst-case comboCapex +15%, yield −10%, esc 2%IndicativeIndicativeIndicative reductionIndicativeIndicative
Best-case comboCapex −15%, yield +10%, esc 6%IndicativeIndicativeIndicative upliftIndicativeIndicative

Qualitative observation: across all single-variable sensitivities, NPV stays positive in this model; the worst-case combo still pays back within the 25-year horizon and clears IRR > hurdle rate (assumed 12%). Numerical cells in this section are descriptive only — the computed figures are §3 and §4.

6. Verdict by scenario

ScenarioVerdictWhy
Base caseGONPV INR 40.82 M; discounted payback 3.00 yrs; IRR 42.21% >> 12% hurdle; LCOE INR 3.13/kWh < INR 9.50/kWh tariff.
Capex pressure (+15%)GOHigher upfront cost compresses NPV and pushes payback out, but base economics still clear the hurdle under the §3–§4 model.
Tariff de-escalation risk (2%)GO (cautious)Slower tariff growth reduces displaced-spend benefits; track state DISCOM tariff orders and APTEL rulings.
Low-yield site (1,440 kWh/kWp)GO (cautious)Lower delivered yield reduces benefits; on-site yield assessment is mandatory before commitment.
High discount-rate environment (12%)GOCapital is the constraint, but project still adds value at the §3–§4 base assumptions.
Low discount-rate environment (8%)GO (aggressive)Lower WACC lifts NPV; finance through low-cost airport infra debt if available.
Worst-case combo (capex +15%, yield −10%, esc 2%)GO (cautious)Indicative compression of NPV; renegotiate EPC or wait for measured-yield data.
Best-case combo (capex −15%, yield +10%, esc 6%)GO (scale fast)Indicative uplift of NPV; supports multi-airport rollout.

7. Cert block (named publications)

Cert status here is descriptive only; project-specific cert path must be validated by the EPC and the airport's safety officer before procurement. Confirm the LONGi Hi-MO 5m LR5-54HTH and Sungrow SG125HT appear in the current ALMM (modules) and that the inverter is BIS IS 16221-2:2015 / IEC 62109 compliant.

8. HS code & customs block

HS codeDescriptionSource / lookupApplicable duty
8541.43.00Photovoltaic cells, assembled in modules or made up into panelsUSITC HTS search (live lookup): https://hts.usitc.gov/PENDING — verify via CBIC Customs Tariff lookup and any anti-dumping/safeguard notifications before procurement: https://www.cbic.gov.in/entities/customs-tariff
8504.40.90Static converters (inverters)USITC HTS search (live lookup): https://hts.usitc.gov/PENDING — verify via CBIC Customs Tariff lookup before procurement
7610.90Aluminium rooftop mounting structures (Schletter / K2 Systems class)EU TARIC consultation (live lookup): https://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=enPENDING — verify via CBIC Customs Tariff lookup before procurement

Lookup instructions. Before any shipment, the importer (or customs broker) must (1) pull the latest IGST/Customs schedule from the CBIC "Customs Tariff" search; (2) check whether the consignment is eligible for any project-import concession relevant to airport infrastructure or MNRE-listed models; (3) confirm any anti-dumping or safeguard duties on solar cells/modules at the HS sub-heading level; and (4) obtain a binding advance ruling where classification is contested.

Disclaimer. No duty rate is asserted as fact in this brief. Customs and IGST treatment varies by country of origin, IEC certification status, and project category. Always rely on the broker's live check and the relevant authority's portal.

9. CTAs

Request a formal quote: TradVolt RFQ — Airport GSE 300 kWp (India, Rev 9)

10. Disclaimer

This brief is for B2B informational use only. It does not constitute engineering design, financial advice, or a customs ruling. All numerical outputs in §3 and §4 are model-derived and depend on the inputs in §2; cross-check capex, yield, tariff escalation, O&M inflation and discount rate against the operator's measured or contracted values before committing capital. Procurement, certification and customs decisions must be validated by qualified professionals against the latest applicable rules and product documentation.