Feeling the heat? Why not turn that abundant sunlight into extra savings with the government’s new financial incentive — the SolaRIS rebate! This guide will provide a clear, step-by-step breakdown of the eligibility criteria and application process to help you tap into the SolaRIS rebate effortlessly. Get ready to transform those sunny days into a brighter future for your home and wallet!
What is SolaRIS?
SolaRIS is a government initiative in Malaysia designed to increase the adoption of solar energy in residential areas while aiming to cut down carbon emissions significantly. Additionally, Malaysia aims to elevate the renewable energy capacity within the national electricity supply to 70% by 2050.
As the primary value proposition of installing solar is cost savings, this program offers attractive cash rebates of up to RM4,000 on your solar panel system!
What is Net Energy Metering (NEM)?
The Net Energy Metering (NEM) programme works hand in hand with the SolaRIS rebate to support Malaysians in adopting solar panel systems at home.
In doing so, Malaysians can depend on their systems to produce their own energy for personal use. A huge plus to generating your own electricity is the ability to sell any surplus energy back to Tenaga Nasional Berhad (TNB), potentially turning a profit.
Currently, Malaysia is implementing the third phase of this program, known as NEM 3.0. Launched in 2021, NEM 3.0 is set to continue until the end of 2024 or until the allocated quota is fully utilised, whichever comes first.
Read our Ultimate Solar Panel Installation Guide in Malaysia to find out more!
How Much Can I Get From SolaRIS Rebate?
The rebate amount from the SolaRIS initiative is based on your Declared Installed Capacity (kWac). This can be checked in your NEM Rakyat Certificate.
Essentially, you’ll receive RM1,000 per kWac, up to a maximum of RM4,000.
Eligibility for SolaRIS Rebate
To be eligible for the SolaRIS rebate, applicants must meet specific criterias.
- The rebate is available exclusively to Tenaga Nasional Berhad (TNB) Residential Customers under Tariff A, and it does not apply to businesses.
- Only first-time NEM Rakyat applicants are eligible, with applications open from 1 April 2024 onward.
- Lastly, the incentive is designed for Malaysian citizens ONLY.
Hang On!
If you’re interested in installing solar panels, GetSolar is coming to you! Head to our solar calculator to get your free price estimate!
How To Apply For SolaRIS Rebate
- Signing the NEM Contract: Immediately after your solar panel installation, you’ll sign a Net Energy Metering (NEM) contract. This agreement officially enrolls you in the NEM Rakyat program.
- Receive Confirmation Email: Shortly after signing up, you’ll get a confirmation email from the Sustainable Energy Development Authority (SEDA), acknowledging your participation in NEM Rakyat.
- Follow-Up Email from TNB: Within 14 days of your initial confirmation, Tenaga Nasional Berhad (TNB) will send you an email with details on how to apply for the SolaRIS rebate.
- Submit SolaRIS Application: Follow the instructions in TNB’s email to apply for the SolaRIS rebate. Ensure all details are correct to avoid any delays.
- Rebate Transfer: Once your application is processed and approved, the cash rebate will be transferred directly to your bank account within 14 days.
