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:
- NEM Rakyat Programme
- NEM GoMEn Programme (Government Ministries and Entities)
- 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.
Quota | 100MW |
Start of Application Date | 1 February 2021 |
Period Offered | 31 December 2023 (3 years) |
Offset Period | 10 Years |
Mechanism | NEM 1:1 (12 Months) |
Capacity limit | 4kWac for single-phase, 10kWc for three phases |
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.
Quota | 100MW |
Application Date | 1 February 2021 |
Period Offered | 31 December 2023 (3 years) |
Offset Period | 10 Years |
Mechanism | NEM 1:1 (12 Months) |
Capacity limit | 1MWac per agency account |
NOVA Programme
NOVA Programme is known as Net Offset Virtual Aggregation. This programme is only eligible for commercial and industrial consumption.
Quota | 600MW |
Application Date | 1 April 2021 |
Period Offered | 31 December 2023 (3 years) |
Offset Period | 10 Years |
Mechanism | SELCO+(1 Month) |
Capacity limit | Net off: 1MWac |
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!
