Blogs

Date: 22/07/2019
Category: Solar Related

Advantages of Solar PV System as endorsed by SEDA Malaysia

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.

 

Figure 1: Process of Net Energy Metering. Adapted from “Net Energy Metering” by SEDA Malaysia, 2019, retrieved from http://www.seda.gov.my/reportal/nem/.
 

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.

 

For example, Encik Ridwan’s House Solar PV System generates 500kWh electricity monthly. Encik Ridwan’s monthly household electricity usage is 1050kWH.

 

Here’s how NEM solves the problem: it calculates the net energy a house used, deducting the energy generated via PV System. In other words, En Ridwan uses a total of 1050kWh electricity, he just needs to pay the net energy (1050kWh – 500kWh = 550kWh).

 

Here are the powerful benefits of Solar PV System as endorsed by SEDA Malaysia:

 

1.Reduce electricity cost

As I mentioned in NEM, this programme helps to reduce our electricity cost because the electricity produced is directly deducted from the total electricity used, then the net energy will be using the TNB electricity tariff formula to calculate the total electricity bill.

For example, your current monthly electricity bill is RM542. After installing 8.16kWp Solar PV System to generate electricity and consume it, your monthly bill will be calculated by the TNB electricity tariff rate, and it is RM 77 only for your bill, which means that you totally save RM465!

2.Save more in the future

Our electricity tariff rate is currently at 57.1cents/kWh. Compared to 13 years ago, there has been 83% hike. Tenaga Nasional Berhad (TNB) has yet to impose changes on electricity tariff rate for the past 6 years! Who can ensure it won’t increase in the coming years?

3.Environmentally friendly

Our limited fossil fuel resources are depleting, yet people still have high reliance on them. The conventional electricity is produced by burning fossil fuels, which not only creates air and water pollution, but also releases greenhouse gasses into the atmosphere that is damaging our mother Earth!

Therefore, we advocate the use of solar energy which is a free source available daily! There is no harm of using solar energy!

Share on:

Related Posts

27/09/2026

|

Blogs, Solar Related
Residential Solar Timeline in Malaysia

Residential Solar Timeline in Malaysia What normally happens from your first solar proposal to a

26/09/2026

|

Blogs, Tips and Advice
How to Choose a Solar Installer in Malaysia

How to Choose a Solar Installer in Malaysia A homeowner-focused checklist for choosing the team

25/09/2026

|

Blogs, Tips and Advice
What to Ask Before Signing a Solar Contract

What to Ask Before Signing a Solar Contract The questions that turn a solar proposal

24/09/2026

|

Blogs, Solar Related
Solar Warranty Guide Malaysia

Solar Warranty Guide Malaysia How to read panel, inverter and workmanship warranties before you commit

Join our team as a Senior Finance Executive to manage end-to-end accounting operations, financial reporting, and tax compliance. In this role, you will execute full-set journal postings, balance sheet reconciliations, and fixed asset tracking while supporting audit requirements.

 

We are looking for someone proficient in ERP systems (such as Odoo) who is eager to utilize AI tools to automate routine tasks and enhance overall accounting efficiency.

 

Key Responsibilities:

  • Day-to-Day Accounting: Record daily financial transactions, prepare journal entries, and maintain the general ledger system (FULL SET).
  • Month-End & Year-End Close: Execute month-end and year-end closing activities, including accruals, prepayments, and intercompany transactions within strict deadlines.
  • Balance Sheet Reconciliations: Prepare and review monthly balance sheet schedules and bank reconciliations to ensure accuracy and resolve variances promptly.
  • Fixed Assets Management: Maintain the fixed asset register, including recording additions, disposals, transfers, and calculating monthly depreciation.
  • Financial Reporting: Assist in preparing financial statements (Balance Sheet, Profit & Loss), management reports, and variance analysis.
  • Audit & Compliance: Support internal and external audit processes by preparing required schedules, documentation, and addressing auditor queries.
  • Tax Support: Assist with tax filing requirements, including SST, corporate tax schedules, and withholding tax compliance as applicable.
  • Cross-Function Support: Support AR and AP tasks as and when required.
  • AI & Automation: Leverage AI tools to simplify day-to-day tasks and automate accounting routines where applicable.

 

Requirements:

  • Bachelor’s Degree in Accounting, Finance, or a related field; ACCA/CPA qualification is highly advantageous.
  • At least 5 years of finance experience, including a minimum of 3 years specializing in GL account closing.
  • Proven track record of participating in or leading accounting system migrations, balance sheet reconstructions, and legacy data verification.
  • Hands-on experience with Odoo (or closely equivalent modular ERPs) and advanced Microsoft Excel skills are mandatory.
  • Strong grasp of end-to-end accounting, bookkeeping, and financial principles.
  • Exceptional attention to detail, strong time management, and the ability to work independently and prioritize tasks effectively.