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Introduction: Embracing Solar Power In Malaysia
Welcome to the sunny side of Malaysia, where the warmth of the sun isn’t just something we enjoy—it’s something we’re harnessing to power our lives. Solar panels in Malaysia are making waves, and they’re not just eco-friendly; they’re budget-friendly too!
As we all know, the world’s been facing some energy bumps lately due to the Russia-Ukraine situation, and that’s led to soaring electricity prices. But solar power has become more affordable than ever in the past year. It’s your chance to shine, save money, and make the world a greener place.
We are here to guide you through the ins and outs of owning solar panels in Malaysia. Whether you’re a homeowner with dreams of a sun-powered home or a business owner looking to cut costs and emissions, we’ve got your back!
Potential of Solar Panels In Malaysia
Malaysia boasts abundant sunlight, offering ground-mounted, rooftop, and floating solar systems with a vast potential of 269 gigawatts for solar PV. Hydro and bioenergy also contribute, with potentials of 13.6 gigawatts and 3.6 gigawatts, respectively.
Under the Malaysia Renewable Energy Roadmap (MyRER), the government aims for renewable energy to provide 31 percent (13 gigawatts) of the nation’s energy needs by 2025 and 40 percent (18 gigawatts) by 2035. The long-term goal is to achieve 70 percent renewable energy by 2050, aligning with the national aspiration for net zero greenhouse gas emissions by 2050.
Green Technology Incentives and Investment
The government has introduced incentives to support green technology initiatives and energy-efficient practices. Initiatives encompass environment-friendly energy generation, conservation, and improved efficiency. These incentives extend to companies engaged in green initiatives such as adoption of solar panels in Malaysia.
The Green Investment Tax Allowance offers companies allowances for adopting renewables, enhancing energy efficiency, constructing green buildings, or engaging in integrated waste management projects. Similarly, the Green Income Tax Exemption provides generous cuts for companies offering services related to green technology activities, including renewable energies and electric vehicles.
Net Energy Metering (NET) program
Under the Net Energy Metering (NEM) program, excess energy generated by solar panels can be exported back to the grid on a “one-on-one” offset basis. Read more about the program here!
To date in November 26th 2024 significant progress has been made. Approvals for 395.3205 megawatts (MW) under NEM Rakyat, 50.0813 MW under NEM GoMEn, and 969.0115 MW under NEM NOVA, according to the Sustainable Energy Development Authority (SEDA) Malaysia.
Support From The Malaysian Government
Local experts and industry players see immense potential in Malaysia’s push for renewable energy (RE), particularly in the solar sector. Solar energy has become the poster child for RE in Malaysia, thanks to the government’s efforts.
Electricity Tariff Adjustments [July 2024]
The Ministry of Natural Resources, Environment, and Climate Change (NRECC) has introduced revised electricity tariffs for Peninsular Malaysia for the second half of 2024 (July–Dec 2024). Here’s what you need to know
For Residential / Domestic Consumers
Most households in Malaysia will continue to enjoy stable electricity costs. If your monthly usage is up to 600 kWh, you’ll receive a rebate of 2 sen/kWh. For those using between 601–1,500 kWh, there are no surcharges, ensuring costs remain unchanged. However, households consuming over 1,500 kWh monthly will see a minor surcharge of 10 sen/kWh applied to their usage in this tier.
For Non-Residential / Domestic Consumers
Non-domestic consumers, including businesses, will benefit from reduced surcharges. Small enterprises and industries on low voltage tariffs, such as shops, farms, and water utilities, will see their surcharge reduced to just 2.7 sen/kWh. Medium and high voltage commercial and industrial users, such as factories and mines, will now pay a reduced surcharge of 16 sen/kWh. Streetlighting managed by local authorities will also benefit from a lower rate of 9 sen/kWh.
For Solar Power
Now, for those of you looking to harness the power of the sun, here’s some exciting news! The government is making it easier to install solar PV systems. They’re relaxing some rules under the Net Energy Metering (NEM) Programme and Self-Consumption for Solar PV Installation (SelCo) Programme, starting from July 15, 2023. Read the full details here.
Green Energy Tariff (GET) Changes [Nov 2024]
What Is The GET Program? What Is Changing?
The Green Electricity Tariff (GET) program, launched in January 2022, is a new subscription-based solution catered specifically for eco-conscious consumers and organizations in Malaysia. As part of this initiative, the government sets aside a yearly quota of 4,500 GWh (gigawatt-hours) of green electricity for participants. Consumers who opt-in to the GET program pay a small premium on top of the standard tariff rates. However, this additional fee allows them to purchase green energy in convenient blocks, with households receiving 100 kWh blocks and businesses getting 1,000 kWh blocks.
To further incentivize the shift towards renewable energy sources, the Malaysian government has announced a significant reduction in green electricity prices, effective from May 3, 2024. The new rate will be lowered from the previous 0.218 MYR per kWh down to just mar 0.100 per kWh for residences, and 0.200 per kWh for commercial and industrial users. This considerable price drop is expected to make the green energy option much more accessible and appealing to a wider range of consumers.
Reference : TNB Website
Impact on Consumers
Here’s the good news: if you’re already part of the GET program, you won’t have to deal with something called the Imbalance Cost Pass-Through (ICPT) anymore. That used to change how much you pay for electricity every six months based on how much it cost to make. Now, the company that sends your electricity bill, Tenaga Nasional Berhad (TNB), will do the math for you.
If you choose to buy electricity made from green sources like solar and hydropower, you’ll pay this new rate. The idea is to make it similar to what people pay in nearby countries for green electricity.
Making Solar More Attractive
The government’s decision to increase tariffs for green energy is all about making solar adoption more appealing and competitive. By aligning these tariffs with neighbouring countries, Malaysia is opening up exciting opportunities for all of us to embrace solar. It’s a win-win. As we hop on board with solar, we not only save on energy costs but also help protect the environment.
Price of Installing Solar Panels in Malaysia
Now that you’re aware of the attractiveness of installing solar as a homeowner, you might be interested in getting in on the action. Well, we’ve got you covered too! What are the potential costs and work you need to consider? Let’s go into the details.
In short, considerations such as roof size, roof type, panel type, and maintenance all have a part to play. If you’re contemplating solar adoption and need more in-depth insights into cost estimates and installation considerations, we’ve got you covered. Check out our comprehensive article here for a detailed guide on making an informed decision about going solar.
In addition, we have gone ahead and shortlisted 10 solar installation companies in Malaysia for your convenience. Read about them here!
Key Steps for Installing Residential Solar Panels
With GetSolar, installing solar panels is a seamless and efficient process. Here’s how we ensure a hassle-free journey to renewable energy for your home:
1. Get an Instant Quote: Use our solar calculator to receive a personalized quote in under a minute, tailored to your roof type, house structure, electricity usage, and meter box setup. This tool helps you estimate potential savings and plan your solar investment effortlessly.
2. Receive a Customized Proposal: Once you’re ready, our sales advisor will hop on a call with you to walk through detailed proposal specific to your home and answer any questions you have about going solar.
3. Hassle-Free Contract and Payment Process: Review your contract carefully. Once you’re ready to move ahead, simply let us know. We’ll process all the necessary documents for authority submission on your behalf. You only need to e-sign your solar agreement and make a small deposit payment.
4. Smooth Installation Management: We’ll assist your solar installation process every step of the way, ensuring a seamless experience.
5. Quality Assurance: GetSolar will inspect the installation to ensure everything meets standards. We’ll also ensure your system is fully operational and liaise with TNB for a meter change to officially commission your system.
6. Ongoing Servicing and Support:
With GetSolar, your solar investment doesn’t stop at installation. Across your Rent-to-Own agreement, we’ll maintain and fix any issues with your solar system free of charge. This includes daily monitoring to ensure your system performs at its best, providing maximum solar savings in the long term.
Conclusion
In conclusion, while solar energy offers numerous benefits, delving into its technical aspects can be daunting for newcomers. Our guide is here to make your solar journey as smooth and friendly as possible, giving you the know-how and confidence to embrace clean, renewable energy with ease. So, get ready to embark on your solar adventure, and let’s create a brighter, more sustainable future together!
