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GETTING TO KNOW COMMERCIAL SOLAR
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...
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
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 |
|---|
OwnershipSolar PV 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 PV Investor bears the cost ofOperation & Maintenance |
Payback (ROI)Immediate savings from day 1 |
Performance RiskSolar PV Investor bears all theperformance risks and is incentivized to maximize generation |
Tax BenefitsNo tax benefits |
PaymentPay solar PV 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.
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CATEGORY OF ELECTRICITY CONSUMERS UNDER
NEM 3.0 NOVA PROGRAM
- 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.