Up to RM4000 in Government Incentives For Upcoming Solar Customers
The government has introduced the Solar for Rakyat Incentive Scheme (SolaRIS), a special initiative aimed at encouraging the installation of solar photovoltaic (PV) systems in residential premises under the Net Energy Metering (NEM) programme.
Deputy Prime Minister and Energy Transition and Water Transformation Minister, Datuk Seri Fadillah Yusof, said the installation of solar PV systems in residential premises by domestic users is a 'quick wins' measure that enables the effective utilization of building roof space for renewable energy generation (REG).
Fadillah said the launch of SolaRIS is expected to increase solar generation adoption under the NEM programme, providing rebates of RM1,000/kWac up to a maximum of RM4,000 to new NEM Rakyat users who submit their NEM applications to the Sustainable Energy Development Authority (SEDA) Malaysia on or after April 1 this year.
He said that the scheme is open to all Malaysian citizens with a one-time claim limit per individual who is a TNB account holder and is also available to first-time applicants for the NEM programme.
The rebates will be given on a 'first come first served' basis for NEM Rakyat quotas applied for from April 1 until Dec 31, 2024, and NEM Rakyat applications that are approved must be operational by March 31, 2025, or until all SolaRIS rebate quotas have been exhausted, whichever comes first.
In addition, rebate payments for the installation and operation of the solar PV system under the NEM Rakyat programme will only be disbursed to the bill holder's local bank account upon completion, subject to specific claim terms and conditions, and the granting of the incentive will be handled by TNB.
For all upcoming SOLS Energy customers, this Government incentive means either a great reduction in their high upfront costs or an almost-entirely paid for Home Solar Subscription Program. For any homeowners in Malaysia, there is no better time than now to transition to solar energy.
Would you like to get to know more about this SolaRIS Incentive Program? Get in touch with one of our sales engineers now!
Let Us Customize Your Solar
Fill in this form to claim your Free Power Study worth RM499.
