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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 PV 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 PV service provider who offers turnkey installation of entire solar power system. You will buy and own the solar PV system from your choice of solar PV 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 PV Investor for the sale and purchase of electricity generated from the solar PV system. Which agreement should you choose then? It depends on what the solar PV 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 PV 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 PV 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 PV 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 PV 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


Ownership

Solar PV Investor owns the asset

Investment

Zero upfront investment from you

What You Pay For

You pay only for electricity
generated, no other costs

Per Unit Saving

20-30% cheaper than grid tariff

ZERO CAPEX

Operation & Maintenance

Solar PV Investor bears the cost of
Operation & Maintenance

Payback (ROI)

Immediate savings from day 1

Performance Risk

Solar PV Investor bears all the
performance risks and is
incentivized to maximize
generation

Tax Benefits

No tax benefits

Payment

Pay solar PV Investor based on
electricity bill

OUTRIGHT PURCHASE


Ownership

You own the asset

Investment

100% investment from you

What You Pay For

You pay for the solar system

Per Unit Saving

Capital repaid through
generated electricity

OUTRIGHT PURCHASE

Operation & Maintenance

You bear the cost of Operation
& Maintenance

Payback (ROI)

3 to 4 years

Performance Risk

You bear all performance risks

Tax Benefits

You can claim tax benefits
and tax incentives

Payment

You can opt to pay a lump
sum, 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 PV system in the commercial and industrial sector.
Successful applicants will:

  • CONSUME the electricity generated with a solar PV system.
  • SELL excess electricity (generated with a solar PV 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 PV 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.