The Average Cost for Residential Solar Installation
Find out how much it costs on average to install residential solar
Solar energy has become increasingly popular in Malaysia as a clean and renewable source of energy. One way to harness solar energy is through the installation of solar panels on homes and buildings. The cost of installing solar panels in Malaysia can vary depending on several factors, including the size of the system, the location and the type of solar panels used.
According to Sustainable Energy Development Authority (SEDA) Malaysia, the average cost of a solar panel system in Malaysia is around RM7.00 per watt. In other words, a 5-kilowatt (kW) system, which is the average size for a residential solar installation, would cost around RM35,000. This cost includes the cost of the solar panels, the inverter, the mounting system and the installation labour. However, it is important to note that this is just an estimate and the actual cost can vary depending on the specific project.
In general, the cost of solar panels in Malaysia has been decreasing due to the government's efforts to promote renewable energy and the increased competition among solar panel manufacturers. Additionally, the government has implemented several incentives and programs to encourage the adoption of solar energy, such as the Net Energy Metering (NEM) programme.
When considering a solar panel installation, it is important to factor in the cost of the solar panels themselves. The cost of solar panels can vary depending on the panels’ brand, size and efficiency. Generally, high-efficiency panels tend to be more expensive than lower-efficiency panels. Additionally, the cost of solar panels can also vary depending on whether they are imported or manufactured locally.
Other expenses to consider would be the cost of the inverter, which converts the DC power generated by the solar panels into AC power that can be used in the home; the cost of the mounting system, which holds the solar panels in place; and the cost of installation labour. The cost of the mounting system and the installation labour can vary depending on factors such as the size of the system, the complexity of the installation and the location.
Another factor that can affect the cost of a residential solar installation in Malaysia is the location of the property. Properties located in regions with higher solar radiation will typically require fewer solar panels to generate the same amount of electricity, which can result in a lower cost.
Furthermore, the type of equipment used for a residential solar installation can also affect the cost. Higher-quality solar panels and inverters tend to be more expensive than lower-quality equipment, but they may also have a longer lifespan and higher efficiency.
Overall, the cost of residential solar installation in Malaysia can range from RM25,000 to RM45,000 depending on the factors mentioned above. However, with the government's efforts to promote renewable energy and the decreasing cost of solar panels, it is becoming increasingly affordable for homeowners to switch to solar energy. Additionally, the savings on electricity bills and the incentives provided by the government can help offset the initial cost of installation in the long run.
It's worth noting that, a professional assessment and consultation with a solar installation company is highly recommended to get a more accurate cost and to ensure that the system is designed to maximize energy production and minimize costs. If you have any enquiries, simply reach out to buySolar, and we will gladly be of assistance.