The solar return on investment (ROI) in Malaysia can vary depending on several factors, including the location, size, and efficiency of the solar panel system, as well as the cost of electricity in the area. Generally speaking, the solar return on investment in Malaysia can range from 5% to 20%, with an average of around 10%.

It’s worth noting that Malaysia has a good amount of sunlight throughout the year, which can help maximise the energy production of a solar panel system. Additionally, the Malaysian government has implemented various incentives and programmes to encourage the adoption of solar energy, such as the Net Energy Metering (NEM) programme and the Green Investment Tax Allowance (GITA) scheme, which can help improve the financial viability of investing in solar.

Solar Return on Investment

As we all know, investing in solar power is always a big step. Nevertheless, the solar return on investment (ROI) from your solar panel is one of the biggest reasons why people choose to incorporate solar panels into their homes.

What exactly does it mean to have effective returns on investment if you’re planning to invest in a solar panel system for your home? Well, a good ROI will be a positive net flow of earnings or savings that was generated throughout the life of the solar system you installed.

Typically, commercial and industrial consumers should expect payback in 3–5 years, and residential consumers should expect payback in 5–7 years. It sounds like it will take a long time, but it’s not. Why? Because once the initial cost of your solar system is paid back, the energy generated by it is almost free!

The Reason for the High Initial Cost of Solar Panels

If you’ve ever wondered why the initial cost of solar panels can be relatively high, here are several reasons:

Cost of Materials 

The materials used to manufacture solar panels can be expensive, particularly high-quality silicon, which is a key component in most solar cells. Additionally, the manufacturing process itself can be complex and require specialised equipment and expertise, which can further drive up costs.

Research and Development 

Solar panel technology has improved significantly in recent years, and manufacturers are continually investing in research and development to create more efficient and reliable panels. This ongoing innovation requires significant investment, which is reflected in the cost of the panels.

Installation and maintenance

In addition, there are other expenses associated with solar panel installations, including the cost of installation, wiring, and electrical equipment. Ongoing maintenance and repairs can also add to the overall cost of solar panels.

Despite the initial cost, it’s worth noting that solar panels can provide significant long-term savings on energy bills, and many governments and organisations offer incentives and subsidies to encourage the use of solar power. And did you know that advances in technology and manufacturing processes have helped to bring the cost of solar panels down in recent years, making them a more affordable option for many homeowners and businesses? Well, it is true, and we can expect it to further improve shortly!

How to Ensure Your System Reaches a Positive ROI

There are several things you can do to ensure a positive solar return on investment:

Choose High-quality Components

Invest in high-quality solar panels, inverters, and mounting systems to ensure that your system is reliable and efficient. While the initial cost may be higher, high-quality components are likely to last longer and perform better, ultimately providing a better solar return on investment.

Size your System Appropriately 

Work with a qualified solar installer to determine the right size for your system based on your energy usage and available space. Oversizing or undersizing your system can impact its efficiency and solar return on investment.

Maximise Energy Production.

Make sure your solar panels are installed in a location with good sun exposure, free from the shade, and at the optimal angle for your location. Keep the panels clean and free from debris to maximise energy production.

Monitor your Energy Usage

Monitor your energy usage to ensure that your solar panel system is producing enough energy to meet your needs. Make adjustments as needed to optimise your energy usage and ensure that you are not wasting it.

Take Advantage of the Incentive.

 Look into local and state incentives for solar panel installations, such as tax credits, rebates, and net metering programmes. These incentives can help reduce the upfront cost of your system and improve its overall solar return on investment.

Consider Energy Storage

Adding a battery storage system to your solar panel installation can help you store excess energy produced during the day for use at night, maximising your energy savings and improving your solar return on investment.

Overall, maximising the efficiency and effectiveness of your solar panel system and taking advantage of incentives can help ensure a positive solar return on investment. Working with a qualified installer and monitoring your energy usage can help you optimise your system and maximise your savings.

So, for those of you considering going solar, Now is always the best time. If you have questions, you know where to find us. Give us a call at Verdant Solar for a free consultation. We will help you get a better understanding of what you need. Like always, we provide only the best for our dear customers. So, what are you waiting for?

Installing Solar Panels: Electricity bills increased?

It’s difficult to even consider your electricity bills increasing after solar panel installation. Why? Because you have always been told that solar panels help lower your electricity bills which is true but only by taking the right measures. Because if you don’t, you might be facing another nightmare in the form of increased electricity bills. 

Here are a few possible reasons why your electricity bills may increase after installing solar panels.

Inaccurate Initial Assessment

It’s possible that the initial assessment of the homeowner’s electricity needs and solar panel system was incorrect, resulting in a system that produces less electricity than anticipated. If the solar panels are not producing enough electricity to meet the homeowner’s needs, they will have to draw electricity from the grid, which can lead to higher electricity bills.

Increased Electricity Usage

Second and the more common reason would be increased electricity bill. After installing solar panels, some homeowners may feel more comfortable using more electricity than they did before. This can result in an increase in electricity bill and subsequently, an increase in electricity bills. Furthermore, the more people staying at home, the more electricity usage. Some families often worry less about electricity consumption after solar panel installation. They forget to do the maths which includes the number of people staying in a house and the number of electrical appliances they use. 

Increased in the number of electrical appliances

Speaking of the number of appliances, homeowners tend to become more nonchalant after installation. They go as far as fixing new electrical appliances for their homes assuming that the solar panels installed would overlook them. Solar power systems are designed to generate a certain amount of electricity bill based on the size and capacity of the system. When additional appliances are added to the home, they can increase the overall electricity consumption, which may exceed the amount of electricity the solar panels can generate.

In this case, the home may need to draw electricity from the grid to supplement the solar power system. Depending on the cost of electricity from the grid, this could lead to an increase in electricity bills. 

Net Metering Policy

This brings us to our next point. Net metering policies. 

Some utility companies have net metering policies in place, which means that any excess electricity produced by the solar panels is sent back to the grid and the homeowner receives credit on their electricity bill. However, did you know that if homeowners use more electricity than their solar panels produce, they will have to draw electricity from the grid at the utility company’s standard rates? This can also be higher than the credit they receive for excess electricity. So, it is always better to be mindful of this.

System Maintenance and Repairs

Last but not least would be system maintenance and repairs. Solar panels require regular maintenance and repairs to ensure that they are working efficiently. If the system is not properly maintained, it may not produce as much electricity as it should, resulting in the homeowner having to draw more electricity from the grid.

Hence, it’s important for you, as homeowners, to carefully assess your electricity needs and choose the right solar panel system for your home to ensure that you can maximise your energy savings and avoid any unexpected increases in electricity bills.

In order to avoid problems like these, you can always contact us at Verdant Solar. We provide a warranty on panel performance after installing solar panels. So, give us a call! We’re always ready to give you the best!

Be prudent in your planning on solar power installation and maintenance, that is the hallmark of Verdant Solar service.

Do reach out to us now should you have more questions: +603-5888 8896. Maintenance costs, installation costs and everything you want to find out about solar power, we are more than happy to share our information with you!

When we talk about solar power, what is the first thing that comes to mind? 

The Sun? 

An advanced technology that you may have to learn about? 

A product? 

You may be partially right, but before we get into this, here’s a basic understanding of what solar power means. Solar power is a renewable energy source that harnesses the energy of the sun to generate electricity. It works by converting sunlight into electrical energy using solar panels or photovoltaic (PV) cells. These cells are made up of semiconductor materials, such as silicon, which absorb photons of sunlight and release electrons, generating an electric current.

Solar Power System

Solar power systems can be installed on rooftops, in open fields, or in solar power plants to generate electricity for homes, businesses, and communities. Solar power is a clean and sustainable source of energy. It also offers a degree of independence from the electricity grid, providing a reliable source of energy during power outages or emergencies.

Now let’s talk about the pros and cons of solar power:

Four Pros

1. Renewable and clean: Solar power is a renewable energy source that does not produce any harmful emissions, making it a clean and sustainable source of energy. By installing solar panels, you are contributing to a greener environment and reducing your carbon footprint. Buyers who prioritise sustainability and environmental consciousness may be willing to pay a premium for a home that already has solar panels installed. Isn’t that awesome?
2. Reduces electricity bills: By generating your electricity through solar power, you can significantly reduce your monthly electricity bills. By producing your electricity, you become less reliant on the grid and can save money in the long run. Did you know that this added benefit ALSO increases your home value? It does!
3. Low maintenance: Solar panels require very little maintenance and have a lifespan of over 25 years.
4. Increases property value: Installing solar panels can increase the value of your property, making it a worthwhile investment in the long run. By producing your electricity, you become less reliant on the grid and can save money in the long run. This added benefit can make your home more attractive to potential buyers and increase its value.

Here’s just a reminder for all of you. 

Solar-powered homes have a positive marketing appeal. Here’s why. Homes with solar panels have a unique selling point that can differentiate them from other homes on the market. By advertising the energy savings, environmental benefits, and long-term investment potential, you can attract buyers who are looking for a home that is both practical and eco-friendly.

Four Cons

1. High upfront cost: The initial cost of purchasing and installing solar panels can be quite high, making it a significant investment.
2. Weather dependent: Solar power generation is dependent on sunlight, which can be limited by cloudy days or nighttime, making it less reliable compared to other sources of energy.
3. Requires space: Solar panels require a significant amount of space to install, which may not be feasible for small homes or apartments.
4. Manufacturing and disposal: The manufacturing and disposal of solar panels can have environmental impacts if not done properly, making it important to ensure sustainable practices are in place.

Conclusion

Overall, solar power is a promising source of clean and renewable energy, but it may not be suitable for every situation. Before deciding to install solar power, or rather, solar panels, you must consult with trustworthy people or professionals who are experienced in this field of solar. 

Luckily for all of you out there, here at Verdant Solar, we only wish you the best. If you are thinking of adopting solar power but are not sure how to go about it, or if you simply want to find out more about solar power, why don’t you give us a call? Verdant Solar would be more than glad to have a session with you. 

And do not worry, because consultations with us are totally FREE! Ask us any questions you have about solar power, and we will clear your doubts.

What do you think? Is solar installation a complicated process? While looking at those rectangular devices on rooftops, we often wonder how they got up there in the first place. Well, you’ll understand the process soon enough.

Solar Installation Processes

Firstly, solar installation can be a relatively straightforward or a more complicated process depending on a number of factors, such as the size and complexity of the system, the location and condition of the property, the local regulations and permitting requirements, and the level of expertise of the installer.

In general, the installation process involves several key steps, including assessing the property’s solar potential, designing the system, obtaining permits and approvals, preparing the site, installing the panels, connecting the system to the electrical grid, and testing the system’s performance. 

While some DIY solar panel installation kits are available, it is generally recommended to hire a professional solar installer for more complex systems, particularly those involving rooftop installation or large-scale ground-mounted systems. Professional installers have the knowledge, experience, and equipment needed to ensure a safe and effective installation, as well as navigate the various regulatory requirements.

In summary, solar installation can be complex, but it ultimately depends on the specific circumstances of the project. It is best to consult with a professional installer to determine the appropriate steps for your particular installation.

For small-scale residential installations, the process can be relatively straightforward, with the installer assessing the site for feasibility, designing the system, obtaining the necessary permits, and then installing the panels on the roof or ground mount. Some jurisdictions also require the system to be connected to the grid, which involves additional paperwork and coordination with the local utility.

However, for larger and more complex solar installations, such as commercial or utility-scale systems, the process can be more complicated and require significant planning, engineering, and construction work. This may involve land acquisition, site preparation, electrical and structural engineering, and coordinating with multiple stakeholders.

In either case, it’s important to ensure that the installation is done by a qualified and experienced installer who is licensed, insured, and knowledgeable about local codes and regulations. Fortunately for you, Verdant Solar is here to help you in the best possible way!

For those of you who are not aware of solar panel installation, here is a little insight into how we at Verdant Solar do it.

Verdant Solar Installation

We will of course start with an in-depth site survey and a solar PV system. Our solar solution consultant will schedule a time to meet with you at your home to discuss the benefits of installing the solar system and understand your goal of going solar. During this process, you will be free to ask any questions to get a better understanding of solar panels and the process of installing them.

Once that is over, we will explain and show you the optimal options for your home. This will include the pricing and financing options through a proposal. After discussion, if you decide to install solar panels, you will be given a contract to sign. By this time, you will have a full understanding of what is in store for you after installing solar panels.  

Next would be an important step. Your customer experience team will request all the necessary permits for your solar installation. This process is to secure your solar energy quota from SEDA, and it takes about 10 days.

Once your SEDA application is approved, we’ll schedule the installation. This process takes about less than 8 hours a day on a sunny day and is installed by a team of highly skilled installers. Some of our team members have years of experience dealing with solar panels, so know that your home is in good hands! 

When your solar PV system is ready, TNB will send executives to check the TNB meter compatibility and technical readings of the electricity supply. Your TNB meter could be replaced with a new smart meter (if necessary) for you to track and adjust your energy usage. When everything is set, you can start saving on your electricity bill by turning on the solar system!

30-Day Speed Installation

In all honesty, a solar installation could take up to 60 to 90 days, depending on the material readiness and duration of the application process. However, did you know that it only takes 30 DAYS for Verdant Solar to install your solar system?! 

So, is installing solar panels a complicated process for Verdant Solar? Not At All! with T&C, of course. 

What are you waiting for? Pick up your phone and contact us to get a free site survey report now!

What is NEM 3.0?

Ever heard of NEM 3.0? If you have not, it’s time you did.

NEM 3.0 is a programme presented by the government to encourage users to install solar photovoltaic (PV) systems. What are PV systems? Simple. Solar PV is also known as solar panels that generate electricity from the sun.

The Net Energy Metering was introduced in 2016. It was a motivation by the government to increase the usage of solar power. After a positive response, NEM 2.0 was introduced in 2019. NEM 2.0 allows excess solar power to flow back into the grid on a “one-on-one” offset basis. That’s where its popularity picked up. Excess power could be sold back to TNB. This widely satisfied customers.

3 Aspects About NEM 3.0

Not long after, NEM 3.0 was introduced and will be available from 2021 to 2023. What’s new about NEM 3.0? Actually, there are three. To encourage a further increase in solar power usage, the government has set a total quota of up to 500 MW. This will be divided into three sectors. Namely;

NEM Rakyat (homeowners)

NEM NOVA (industrial)

NEM GoMEn (government ministries and entities)

As Verdant Solar only focuses on residential solar homeowners, NEM Rakyat is our priority, and it focuses on the people, which is basically everyone.

What is NEM Rakyat? Here’s what you need to know.

This programme has an allocated quota of 100 MW.

Now, by installing a solar PV system, the public (Rakyat) can save money by reducing electricity!

How solar panels work to reduce my electricity bill?

The PV system works as a storehouse for all excess solar energy generated by it. None of the energy or money will go to waste. According to NEM 3.0, once it generates the electricity and is used, the excess can be offset on a one-to-one basis. Awesome right? People can save up to 90% every month in the long run. Who wouldn’t want that deal? While saving money, we also get to practise an eco-friendly lifestyle!

It is important that we take note on what is allocated for us. Solar power is extremely important, especially in today’s world. Here’s why;

1. Solar power is pollution free and causes no greenhouse gases to be emitted after installation.
2. Reduce dependence on foreign oil and fossil fuels.
3. Reduce carbon dioxide.
4. Renewable clean power that is available every day of the year, even cloudy days produce some power.
5. Return on investment unlike paying for utility bills.
6. Virtually no maintenance as solar panels last over 25 years.

Even if there are significant high initial costs for material, installation and long ROI, with the reduction in cost of solar over the last 10 years, solar is becoming more cost feasible every day.

Think about it, we wont be paying so much in the long run! Customers will be able to save up a lot instead of paying those bills every month. Moreover, we can all play our part in conserving the environment by using green energy.

How do we start?

It is not that complicated actually.

Step 1: We just need to know or estimate our electricity consumption pattern. Collect your monthly bills and notice the pattern.

Step 2: Engage with the RPVSP (Registered PV Service Provider). You will get more information from them.

Step 3: This is the last step! It is basically a site survey to discuss and confirm the system size. Not to worry. This step is done by the solar company. In this case, it could be Verdant Solar.

Conclusion

In conclusion, Solar PV for home reduces electricity bills up to 90%, increases property value, is a great return on investment, and has a 25-year performance warranty! How awesome is that? It is time we really looked into NEM Rakyat and changed the way we use electricity. What better way to do it than to use renewable energy which is given freely by the Sun.

“What about the hidden maintenance cost? 

Sure expensive!”
Well now, think again.

PV Solar Panels are not costly at all if you hear us out. For what’s worth, your prudent investment ensures a better, greener future for your next generation.

Unlike standard machinery equipment which requires frequent maintenance and repairs, a PV system is almost maintenance free – if designed and installed properly. Our team has extensive experience in optimizing solar energy facility’s performance via an O&M service agreement. Contracting O&M service with us guarantees your warranty maintenance requirements for equipment, like inverters are fulfilled according to the manufacturer’s requirements.

The Costs

Primarily, the standard maintenance includes cleaning of panels and checking of mounting structures. This is our sincere service to ensure your panels are always at the top-notch condition where optimal utilization can take place.

Maintenance cost per visit depends on the system size. For example, popular residential solar PV system sizes between 4kWp to 15kWp will cost around RM400 to RM650 per maintenance every 2-3 years depending on the air quality around the area.

INCLUSIVE OF THESE BENEFITS

During the scheduled maintenance visit, the following will be checked:

1. PV Modules
• Cleaning of panels;
• Visual inspection on modules to ensure they are free from cracking or damage;
• Assist in determining whether damaged module is covered under manufacturer warranty;
• Ensure modules are securely fastened to the panel mount;
• Inspect conduits, connectors and the modules for any signs of damage.
2. Electrical Switchboard, Inverter and Cable
• Solar PV system electrical and physical integrity checks. This includes the checking of wiring for good electrical contacts, inverter operation and electrical performance;
• Visual check on the AC/DC switchboard and its internal electrical components;
• Check that all cable terminals are properly tightened.
3. Solar Array Structure
• Carefully examine module panel mount for any signs of damage or corrosion;
• Checking to be made on the mounting bolts to ensure that they are secure, tightened, and free from damage and corrosion;
• Check that all equipment attached to the array structure is secured and free from any signs of corrosion, damage or abuse;
• Ensure that the array structure has been correctly bonded to the site building lightning protection system. Inspect cable for signs of chafing causing damage to insulation;
• Ensure that all cables are tightly secured. Repair and replace as necessary. Earth loop testing according to the local regulation.
4. System Analysis and Report
• Download PV system performance data;
• Analyse data and generate system performance reports.

Be prudent in your planning on solar power installation and maintenance, that is the hallmark of Verdant Solar service.

Do reach out to us now should you have more questions: +603-5888 8896. Maintenance costs, installation costs and everything you want to find out about solar power, we are more than happy to share our information with you!