Rising electricity costs have pushed many Malaysians to consider solar energy as a sustainable and cost-effective alternative. But while solar panels save money in the long run, the initial installation cost—ranging from RM15,000 to RM60,000—can feel like a daunting investment for homeowners.
This is where solar panel financing steps in, offering Malaysians innovative ways to adopt solar energy without the financial strain of an upfront payment. Options like solar loans, government funding programs, and GetSolar’s Rent-To-Own (RTO) plan make transitioning to clean energy more accessible and manageable.
In this guide, we’ll explore the best solar financing solutions in Malaysia, breaking down how each works and why they’re worth considering. If you’re looking to cut electricity costs and embrace a greener future, this article has all the answers you need.
The high upfront cost of solar panel systems often deters homeowners from making the switch. Financing solutions remove this barrier, allowing Malaysians to pay in affordable monthly instalments instead of a lump sum.
Not only does this make solar energy more accessible, but it also unlocks long-term benefits:
Solar panels are a high-return investment, often paying for themselves in savings within 6-10 years. With financing, Malaysians can start enjoying these savings immediately, making the switch a win-win for your wallet and the environment.
Solar loans are among the most popular options, working much like personal loans. Homeowners receive funds to cover the upfront cost and repay in instalments over 3 to 10 years. The repayment includes the loan amount (principal) and competitive interest rate, designed to make solar energy affordable.
Here are some banks in Malaysia offering solar panel loans:
Pro Tip: While solar loans improve affordability, they can temporarily lower your CTOS/CCRIS credit score due to higher credit utilisation. Timely repayments, however, can boost your score over time.
The Malaysian government offers programs to incentivise renewable energy adoption:
Why Choose Government Programs?
These initiatives work hand-in-hand with solar providers to offer bundled packages that include installation, maintenance, and financing, lowering the cost barrier further.
GetSolar’s Rent-To-Own (RTO) plan is excellent for homeowners who want to save electricity bill without the burden of upfront costs.
How It Works:
Advantages of the RTO Plan:
This plan is perfect for Malaysians who want a hassle-free solar experience. GetSolar handles installation, maintenance, and repairs, ensuring your system operates efficiently without additional costs.
Solar panel financing is revolutionising energy adoption in Malaysian by eliminating cost barriers and empowering homeowners to embrace renewable energy. From flexible solar loans and government programs to GetSolar’s Rent-To-Own (RTO) plan, there are options to suit every financial situation.
If you’re ready to cut your electricity bills, gain energy independence, and contribute to a sustainable future, now is the time to explore solar financing.
Take the first step today! Use GetSolar’s calculator to estimate how much you can save with solar energy.
If you have any inquiries or need support, our team of cheerful solar elves is here to assist you! Reach out to us on WhatsApp or drop us a messageat support@getsolar.ai, and we’ll be at your service!