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GETTING TO KNOW COMMERCIAL SOLAR
Commercial solar, as its name suggests, is solar for businesses. From small local businesses to large corporations, commercial solar covers a variety of different types of customers and projects.
SUPER SAVINGS WITH SOLAR
As a business owner, there is no doubt that electricity bill takes up a substantial portion of your monthly expenses. If so, why not lower the cost of electricity as much as possible by going solar? Start saving on your monthly electricity bill with solar.
On top of that, companies and organizations that undertake qualifying green technology projects for business or own consumption can enjoy double tax incentives offered by the government.
OPTIONS TO GO SOLAR...
When you are considering going solar for your business, you can either invest in a rooftop solar panels system (via OUTRIGHT PURCHASE model) or buy solar power under an agreement (via ZERO CAPEX model).
The OUTRIGHT PURCHASE model is where you hire a solar panels service provider who offers turnkey installation of entire solar power system. You will buy and own the solar panels system from your choice of solar panels service provider and be responsible for the operation and maintenance of the system. In terms of payment, you can opt to pay a lump sum, apply for a loan or via 0% credit card instalment plans.
Meanwhile, the ZERO CAPEX model is the preferred model for companies that do not want to invest in non-core operations. In this model, you will sign either a Power Purchase Agreement (PPA) or a Supply Agreement with Renewable Energy (SARE) with a solar panels investor for the sale and purchase of electricity generated from the solar panels system. Which agreement should you choose then? It depends on what the solar panels investor has to offer.
The OUTRIGHT PURCHASE model is where you hire a solar panels service provider who offers turnkey installation of entire solar power system. You will buy and own the solar panels system from your choice of solar panels service provider and be responsible for the operation and maintenance of the system. In terms of payment, you can opt to pay a lump sum, apply for a loan or via 0% credit card instalment plans.
Meanwhile, the ZERO CAPEX model is the preferred model for companies that do not want to invest in non-core operations. In this model, you will sign either a Power Purchase Agreement (PPA) or a Supply Agreement with Renewable Energy (SARE) with a solar panels investor for the sale and purchase of electricity generated from the solar panels system. Which agreement should you choose then? It depends on what the solar panels investor has to offer.
ZERO CAPEX VS OUTRIGHT PURCHASE
Listed below are the detailed differences between the OUTRIGHT PURCHASE model and the ZERO CAPEX model to help you make an informed decision.
ZERO CAPEX |
VS |
OUTRIGHT PURCHASE |
|---|---|---|
| Solar panels investor owns the asset |
Ownership |
You own the asset |
| Zero upfront investment from you |
Investment |
100% investment from you |
| You pay only for electricity generated, no other costs |
What You Pay For |
You pay for the solar system |
| 20-30% cheaper than grid tariff | Per Unit Saving |
Capital repaid through generated electricity |
| Solar panels investor bears the cost of Operation & Maintenance |
Operation & Maintenance |
You bear the cost of Operation & Maintenance |
| Immediate savings from day 1 | Payback (ROI) |
3 to 4 years |
| Solar panels investor bears all performance risks and is incentivized to maximize generation |
Performance Risk |
You bear all performance risks |
| No tax benefits | Tax Benefits |
You can claim tax benefits and tax incentives |
| Pay solar panels investor based on electricity bill |
Payment |
You can opt to pay a lump sum, apply for a loan or 0% credit card instalment plans |
ZERO CAPEX |
|---|
OwnershipSolar panels investor owns the asset |
InvestmentZero upfront investment from you |
What You Pay ForYou pay only for electricitygenerated, no other costs |
Per Unit Saving20-30% cheaper than grid tariff |
ZERO CAPEX |
Operation & MaintenanceSolar panels investor bears the cost ofOperation & Maintenance |
Payback (ROI)Immediate savings from day 1 |
Performance RiskSolar panels investor bears all theperformance risks and is incentivized to maximize generation |
Tax BenefitsNo tax benefits |
PaymentPay solar panels investor based onelectricity bill |
OUTRIGHT PURCHASE |
|---|
OwnershipYou own the asset |
Investment100% investment from you |
What You Pay ForYou pay for the solar system |
Per Unit SavingCapital repaid throughgenerated electricity |
OUTRIGHT PURCHASE |
Operation & MaintenanceYou bear the cost of Operation& Maintenance |
Payback (ROI)3 to 4 years |
Performance RiskYou bear all performance risks |
Tax BenefitsYou can claim tax benefitsand tax incentives |
PaymentYou can opt to pay a lumpsum, apply for a loan or 0% credit card instalment plans |
Enjoy Double Tax Incentives When You Go Solar
Don't miss out the benefits the government is offering!
To boost the Malaysian green economy, the Malaysia government has introduced double tax incentives for companies that undertake qualifying green technology projects for business or own consumption. The tax incentives offered are Capital Allowance (CA) and Green Incentives Tax Allowance (GITA).
The SARE Programme offers Commercial & Industrial customers a lower tariff than the grid tariff.
Find Out More
CATEGORY OF ELECTRICITY CONSUMERS UNDER
NEM 3.0 NOVA PROGRAM
As for business owners who choose to go solar under the OUTRIGHT PURCHASE model, they are entitled to the NOVA Program under the Net Energy Metering 3.0 scheme. This program is aimed at reducing business costs with the use of a solar panels system in the commercial and industrial sector.
Successful applicants will:
- CONSUME the electricity generated with a solar panels system.
- SELL excess electricity (generated with a solar panels system) back to the grid at market rate or System Marginal Price (SMP). The electricity sold will then be converted to credits and will be reflected in the following month’s electricity bill.
- OFFSET excess electricity (generated with a solar panels system) by distributing it through virtual aggregation up to 3 different electricity bill accounts under the same name.
Applicant criteria: Individual or Company or Organisation for Commercial and Industrial only
We Have The Solar Financing Options
You Need
Your Home, Your Energy
Giving Back to the Environment
As compared to fossil fuels, solar energy is no doubt the more favourable option because it reduces our carbon footprint and greenhouse gases around the globe. Since the sun provides us with a free, abundant and renewable power, we should all invest in this source of energy which benefits the environment.