Each Biscuit lasts for twenty years from the date of release. This is decided through factors such as longevity of the panels and typical hosting durations.
How much money do Biscuits make annually?
What is the role of SundayGrids?
What happens when Biscuits need servicing or replacement?
Can I add or cancel my Biscuits?
What's a Biscuit?
Imagine buying a portion of large farmland. You get money out of selling the harvest from your part of the farm. Similarly, Biscuits are portions of a large solar array. You get money from selling power that your portion of the solar panel creates
What do you mean by 'a portion of the solar panel'?
Biscuits are portioned off by their rate of returns. This is fixed by design, so that regardless of the system configuration every biscuit anybody owns has the same rate of returns. What this means from a hardware perspective is that the overall cost of modules and systems is taken into consideration and divided such that it is equitable for all.
Where are the solar panels installed?
Using Biscuits, we host panel systems for businesses, who want to shift to clean and cheap power, at their spaces. They are billed for the power at lower than grid tariff rates.
What do I get when I buy a biscuit?
The revenue from billing power to the hosting partners is divided up according to the number of biscuits present in that system. When you own a Biscuit, you get a share of that bill. You can monitor the power generation of your Biscuit and your revenue from a dashboard on our platform.
Then who gets the power?
The partnering businesses whose space on which we are hosting the system. We look out for hosts like hospitals and factories, who usually use up the entire power generated and have large areas and certain favourable residential spaces