I am interested… but first tell me more about the PAYBACK PERIOD.

Here you go, solar payback period is the time it takes to make back or ‘break even’ on your initial investment in solar and when exactly this expenditure of yours can start to earn you money.

To help improve the returns of the solar investment, the Ministry has introduced the concept of Net Energy Metering (NEM), giving room to a shorter payback period of 4-7 years for residential projects as compared to the previous Feed-In Tariff (FiT) system which has a longer window of 6-8 years.

Knowing full well that solar solution yield a robust business and residential advantage, the exact payback period depends on a number of different factors, including:

Your Average Monthly Electricity Use/Average Electricity Bill

In markets with expensive utility rates, the payback period from installing solar is comparatively short. Therefore, the first step in beginning your solar PV project is evaluating your current energy bill. The amount of electricity consumption determines the size of the solar system needed and the amount of electricity you can offset with the solar panels. Hence the higher the electricity bills are, the shorter payback period it will be!

Don’t forget the Gross Cost of the Solar PV Installation

Increased utility electricity rates and lower equipment pricing are making it easier and less expensive for homeowners to own solar panels today. The gross cost of installing solar on your home is dependent on the size of the system you select and the equipment that makes up that system.

Estimated Electricity Generation

While solar installers try to provide you with a system that matches your electricity consumption, practical constraints like the size of your roof and unpredictable weather variation may impact the amount of electricity produced.

Taking all these into consideration, you don’t have to wonder or even worry about how long your installation of solar panels can yield solid financial returns while generating power for your household. Solar, after all, is a low-risk investment offering lower monthly bills, a smaller carbon footprint, and decades of renewable electricity make solar a smart option for many of you.

How to enjoy this deal? Just click on this link seek free professional assistance from Verdant Solar right away: https://verdantsolarold-temp.malaysiaweb.my/solar-ventilator-for-home/. Voila!

Solar energy is not rocket science, really. However, consumers invariably could not get to the bottom of why solar power systems should be a better choice. Our concerns over the practicality of using solar panels are valid but where do we find our answers?

Solar panels for residential and commercial use sound rather superior, if not premium. Is maintenance sustainable? How much exactly can we save at the end of the day? How does solar impact my property values? Do the solar panels produce power when the sun isn’t shining? How do we choose a solar installer? And the question probably least asks, what are the environmental benefits of solar power? All these concerns, we hear you and we want to provide you with clear answers.

Today, let’s focus on one of the often asked questions: How can Solar PV Help Lower My Electricity Bill?

Stored Power Saves Your Pocket

Solar Power systems are built to produce electricity during daylight hours ( as long as the sun shines, which is almost every day in Malaysia). At this time, electricity generated by solar power will first be consumed while the non-utilized or excessive electricity is stored in batteries or feeding back in the grid. Therefore, when night time comes, electricity consumption comes either from the batteries or the grid. Coming from the grid, it will offset our monthly electricity bill. Can you see it now? The energy stored in the energy used later, and it is also the amount we save because that offsets our power bill almost immediately!

Will it be depleted? Worried not, the clean electricity created by the solar power systems is always used first at home before the power from the grid. If more electricity is needed, it will then source grid power.

Size Does Matter

The larger your solar power systems are, the more power it produces for your premise, and that also mean the greater amount of money you get to save. Therefore, choosing a system that is large enough to cover your power usage is important. It indeed lessens your financial commitment in the long run while maximizing your ROI.

Understanding your consumption behavior and finding a system that suits your property size is the key to saving money. Not only it reduces the running costs of your property tremendously, but you also get to play a role in preparing a greener future for our generations to come.

This usually can be a cumbersome task for a lot of consumers. But you are in luck because the Verdant Solar team is ready to assist you professionally in all aspects, from the consultation to the installation, every step of the way.

Going clueless on what to do during this Movement Control Order (MCO) period? There are a lot of fun things waiting for you to explore. MCO restricts us from our getaway. However, in this technology era, we have so many conference calls software to get in touch such as Zoom. Zoom has become one of the essential tools for our team to have exciting activities. Let’s find out more about it.

1. Lunch Box Surprise

According to Sustainable Energy Development Authority (SEDA), only 2% of electricity is generated by renewable energy sources in Malaysia, which means that most Malaysian are still relying on the limited fossil fuel resources such as oil, coal or natural gas, which is hazardous to our environment.

“Starting 1st January 2019, Malaysians who use solar power will enjoy the cheaper electricity bill under Net Energy Metering (NEM).”

– Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change (MESTECC)

In other words, the government has begun a movement in persuading Malaysians to install Solar Photovoltaic (PV) System as there are lots of advantages not only for personal, but also for environmental and economic. Therefore, the NEM programme is announced to encourage Malaysians to install Solar PV System.

What is Net Energy Metering (NEM)?

NEM enables users to generate and consume their own electricity by Solar PV System, and any excess electricity produced by Solar PV System can be offset “one-on-one” basis.