What is the price of solar panels in Malaysia?

“What is the cost of solar panels? Are solar systems expensive?”

When you’re feeling excited about getting a solar pv system, are you considering these questions?

Before we get into that topic, you need to know that is no actual solar system price being stated outright in Malaysia. (You’ll read more about this later in this article).

In this article, we’ll explain the factors that affect the price of the solar PV system. 

Factors that affect the price of solar panels

Size of the solar PV system

The solar panel system size is determined by two factors:

1) The average electricity consumption

2) The size of your roof 

Before determining the size of your solar system size, you need to provide a minimum of 3 months’ electricity bill (or TNB bills) for us to estimate your average electricity consumption. 

The limitation of your roof installation area will also affect the size of your solar system. 

Type of solar panels

Did you know there are 2 main types of solar panels? They’re Monocrystalline and Polycrystalline solar panels. 

Even though each of them has its pros and cons, Polycrystalline solar panels are now widely used for residential solar installations. All thanks to its high conversion efficiency and affordable price. 

Psst! Here are some tips for you! How to look for the best solar panels? 

Tips: Panels that are made by “Tier 1” solar panel manufacturers are mostly recommended in Malaysia. This tiering system is supported by Bloomberg New Energy Finance as a measurement of their efficiency and warranty durations. Refer here to know more. 

So which popular brands are widely used in Malaysia? 

Here are the top five popular brands used in Malaysia, which are Canadian Solar, Trina Solar, Jinko Solar, Hanwha Q Cells and etc. 

Type of roof

Do you know how many types of roofs are there in Malaysia? The most common types of roofing in Malaysia are tiled roofing, metal roofing and asphalt roofs. Hence, each type of roof requires different mounting mechanisms for your solar installation and the placement of solar panels. 

So…what are the differences there? 

Tiled Roofing

Before installing the mounting frame on a tiled roof, tiles are usually removed for solar panels. During this process, installers will fix the L-hook mounting frame on your roof truss to ensure it’s properly secured. Those removed tiles will be returned to their original placement after the mounting frame is installed. Since there are more steps required in this solar panel installation, there will be more costs to add.

Metal Roofing

Ribbed or standing seam metal roofs are much easier to install! This is because the mounting frames are connected directly to the metal roof without drilling. The installation process is simple, fast and costs lesser. 

Asphalt roofing 

Asphalt roofs (known as Shingle roofs) are slightly different, just a little. There are some specific flashing pieces (like studs), drilled into the roof to attach the mounting frames. This installation is also fast, simple and less costly.

Estimated Solar Panel Price

Now, let’s talk about the estimated cost of solar PV systems in Malaysia (this is what you’re waiting for, right?). Please remember, this is just an estimation as the final cost will differ due to the different factors mentioned above. 

The average electricity bill for a household is RM200 to RM800. Hence, the system size of 4kWp to 13kWp is recommended and the average price range from RM20,000 to RM50,000. 

Any Hidden Cost?

Most solar PV systems come with warranties such as solar panel warranty and solar inverter warranty. 

Solar panel: 12 years enhanced product warranty (defects)

This means if there are any defects found, this warranty is claimable. 

Solar panel: 25 years linear power output warranty (performance)

The performance of solar panels will decrease over time. This warranty is claimable (subject to performance decrease linearly over the years).

Solar inverter: 5 or 10-year solar inverter warranty

So what do these warranties cover? 

It’s included with a 1-for-1 replacement for any physical defect. Most of the installers do not offer a lifetime warranty as most solar panels can last for 25 years and more! That’s right! This means that you can replace your solar panels within the warranty period without extra charge (but labour fees are chargeable). 

But, what about maintenance?

It’s recommended to schedule maintenance once every 2 to 3 years so your solar panels are in top condition and performance. 

What is the cost of maintenance? 

The maintenance fee usually ranges from RM500 to RM1,500 per visit in Malaysia, depending on the system size too! Some companies offer subscription-based maintenance services.

What do you get from this maintenance? 

During the scheduled maintenance visit, here are what you can expect:

-Solar PV modules (including cleaning of panels, and inspections)

-Electrical switchboard, inverter and cable 

-Mounting structure

-System analysis report 

Now, you might be wondering, “How can I track the performance of the solar panels? When shall I know to maintain the solar panels?” 

Well, most solar systems come with a free online monitoring system or mobile app that allows you to track the performance and efficiency of solar panels. By monitoring your system regularly, you can reduce the chances of damages found on your solar panels by solving the issues promptly. This can also save you from paying extra costs or unnecessary expenses in future! 

Verdant Solar Offers Professional, Fast and Quality Solar Installation

With our years of expertise in residential solar installation, Verdant Solar is a trusted authority in solar panel providers. 

When you engage with us, we ensure to install your solar panels seamlessly (with zero defects) or we fix them at no cost. With our solar panel-ready stocks and profound relationship with SEDA & TNB, we promise to install your solar panels within 30 DAYS, or we pay your energy bill (with T&C apply). 

Contact us if you would to get a FREE site-survey report on how to install your solar PV system and understand more about the benefits such as warranties, maintenance, permits or incentives offered for your solar PV system. 

Solar Power for World Environment Health Day 

Under the theme “Our planet, our health”, the International Organization for Migration (IOM) supports the UN system’s efforts to focus global attention on urgent actions needed to keep humans and the planet healthy.

While switching to solar energy has financial benefits, the environmental benefits are equally as important. Solar energy’s positive impact on the environment is undeniable. It also provides significant benefits to our health. One of the biggest benefits of solar energy is that it doesn’t pollute the air we breathe daily. Solar power reduces the pollutants in the air and water, and it also helps reduce the risk of health issues on a larger scale.

Here are a few advantages of how solar energy benefits our environment:- 

Solar Power Reduces Air Pollution

Solar energy is replenished by nature and emit fewer greenhouse gases or pollutant into our air and less harmful emissions from burning fossil fuels. 

Solar Power Reduces Health Issues

By reducing the amount of carbon and other pollutants entering the atmosphere, cleaner air brought forth by solar energy adoption can decrease the risks of heart disease, asthma attacks, and premature deaths, which are major health issues globally.

Use Solar Power to Reduce the Fossil Fuel Need 

Fossil fuels are running out, and fast. Reducing our reliance on these finite resources and taking advantage of an abundant, free source of energy, such as sunlight, could mean lower energy prices, reduced greenhouse gas emissions, and a stronger, more stable energy future.

Installing solar panels in your home contributes to a healthier environment for you and your neighbors. Switching to solar energy on a larger scale will help reduce the risk of chronic health issues while also keeping the environment safe for all. Verdant Solar is providing solar solution to all solar homes. Click here to get a free site-survey and quotation.

What is Solar ROI and How Does The Solar Panel Payback Period Work?

Is it worth investing in solar panels? 

Many of our customers often ask this particular question in hopes of learning more about the payback period.

So, what is the payback period?

The solar payback period is also known as the solar system return of investment (Solar ROI). It is the time taken to break even on your initial investment. 

The average payback period for solar panel is estimated to be 4 to 14 years, thanks to the Government’s policies that have been implemented in Malaysia. 

Note: This is a fairly broad range because many factors will influence the years it can take to pay off your panels and the monthly savings you can expect.

However, the solar ROI is dependent on a number of factors which includes:-

1) Average Monthly TNB Bill

Installing solar has a relatively short payback period in markets with high utility rates. The amount of electricity consumed determines the size of the solar system and the amount of electricity offset by panels. 

The higher the electricity bills, the bigger the system size and the shorter the payback period will be.

2) Gross Cost of Solar PV Installation 

The size of the system and equipment required are the factors of your gross cost when installing solar. 

3) Estimated Electricity Generation 

Solar installers try to provide you with a system that matches your electricity consumption and practical constraints. 

As we all are aware, Malaysia is well known for its sunny weather. Do not be fret as even the rainy season wouldn’t hurt your generation capacity with the help of NEM! 

In terms of improving the solar ROI, the Government has introduced the concept of Net Energy Metering (NEM) to provide more opportunities to electricity consumers.

Conclusion

Solar is a low-risk investment that offers lower monthly bills, a smaller carbon footprint, and decades of renewable electricity that makes solar a smarter option for all of us!

If you are still hesitating about investing in solar panels and solar ROI, get your free on-site assessment here! 

How Does Solar Produce Energy?

If you are wondering what’s that silver-looking panel crowning on the roof, you probably stumbled on solar panels! Good chances that you are wondering how does it work? 

Great questions! Here’s a simplified version of how solar produces energy.

Solar Produce Energy: What is Solar Panels?

As we all know, solar panels convert sunlight into electrical energy. Solar panels are also known as Solar Photovoltaic Panels or Solar PV Panels. Photovoltaic cells are the smaller units of materials found on the panels, effectively helping with the conversion to be stored in the batteries.

How Does Solar Produce Energy?

Each panel is linked with a layer of silicon cells and other materials such as metal frames, glass casing, and wiring for a positive and negative electrical charge. When sunlight hits on the respective panels, the photovoltaic cells will be absorbing the sunlight.

Why Do We Need Solar Inverter?

While the photovoltaic cells are transforming the sunlight energy into electricity, the electricity generated is called direct current (DC). However, alternating currents (AC) are used to power homes. Hence, an inverter plays an important role in converting DC to AC. 

How To Generate Your Own Electricity?

After the conversion of DC to AC, the electrical panel will be distributed within your home and generate power for your appliances. You can automatically draw additional electricity from the grid because you are still connected to your traditional power company.

Conclusion: Solar Produces Energy

The greatest taboo of solar panels is how does it work on cloudy and rainy days because the panels are able to capture any sunlight. Net Energy Metering comes in handy when your utility provider will offset your electricity bills with the excess power you send back to the grid.

This is how does solar produce energy! If you find yourself still lost with these flows, do contact our solar professional right now for a free consultation.

Government Incentives for Solar Homes in Malaysia

Getting solar panels can be expensive for certain homeowners. And if you’re planning to install a solar homes in Malaysia BUT it’s out of your budget, this article is for you!

Good thing is, that the Malaysian government and Tenaga Nasional Berhad (TNB) offer incentives and programs for Malaysian residents for switching to solar power systems. 

Solar Homes in Malaysia: Net Energy Metering

NEM is known as Net Energy Metering. It is a mechanism for solar owners to generate their own electricity from the solar PV system and offset their electricity bills (1:1 basis). This means you can use excess solar energy to offset your electricity bills!

In 2021, our government has launched NEM 3.0 to offer more opportunities for homeowners to install Solar PV System and own your solar homes in Malaysia. The NEM 3.0 is divided into 3 different categories as such: 

1. NEM Rakyat Programme 
2. NEM GoMEn Programme (Government Ministries and Entities) 
3. NOVA Programme (Net Offset Virtual Aggregation)

Now, you might be wondering what are the differences between these 3 types? No worries, here are the explanations.

NEM Rakyat Programme

NEM Rakyat Programme is only open for domestic account holders who own a residential building. Verdant will cover the application if you are planning to have solar homes in Malaysia. The implementation date is from 1st February 2021 to 31st December 2023 with a 100MV of the quota.

NEM GoMEn Programme 

The NEM GoMEn is known as the Government Ministries Entities. This program is specifically for government buildings. This program is only eligible to government agencies and departments that consist of ministry, department, or statutory bodies established by the government at all levels of administration. 

NOVA Programme 

NOVA Programme is known as Net Offset Virtual Aggregation. This programme is only eligible for commercial and industrial consumption. 

Conclusion

The purpose of NEM 3.0 is to encourage more homeowners and business owners to reduce electricity cost and saving the Mother Earth. 

You are a homeowner? Planning to own solar homes in Malaysia? Sounds like a great plan to you? Inquire now to know more about solar homes in Malaysia! Verdant Solar provides a 60-minute free consultation. Get in touch with us now!