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?

Those of you who have decided to install solar panels worry about one common factor. How can I avoid choosing the wrong solar PV provider? 

As we all know, installing solar panels is not cheap. It needs at least five figures in Malaysian ringgit for the investment. Hence, it is worth your time and effort to find a trustworthy solar PV provider. Here are some simple tips on how to avoid nightmares from solar PV providers in Malaysia.

Research and compare solar PV providers.

The first thing you have to do is research and compare multiple solar PV providers. Always remember to check their certifications and credentials. Plus, you can always read their customer reviews and references online. You will learn more about a company’s services through customer reviews. Do not forget to consider panel efficiency and durability. When you are doing your research, look into financing and cost options. Assess the company’s experience and expertise. If there’s anything on insurance, verify the insurance and bonding status.

Reputation, Service, and Efficiency

The main factors you have to consider are a company’s reputation, service, and efficiency. The company you choose should also have positive customer feedback. Fortunately for you, here at Verdant Solar, we have all the boxes checked. 

Verdant Solar has the outstanding report for the most 5-star Google reviews, which include reputation, the guarantee to deliver world-class service, 30-day speed installation guaranteed, and the promise to provide zero defects in solar installation.

Meet the solar consultant.

While doing your research and finding the best solar PV provider, you, as a customer, must have had consultations. Some of you might think that price is everything and that you only need to know the price before installation. That is not the case. A solar panel has a lifespan of more than 25 years. It is important to select a responsible solar PV service provider to serve you and provide relevant services for that long period of time. 

Arrange a time to meet with the solar consultant in person! Before the installation, make sure you understand the entire solar installation process.

Ask the right questions to your solar PV provider.

What are the right questions you should ask during consultations? Always remember that you are the customer. That being said, you have all the freedom to ask anything that would clear your doubts about solar PV installation. Now, here are some important questions that can be asked and will also be beneficial to you as a customer.

1. What are the efficiency and warranty of solar panels?

2. Can you walk me through the system design and installation process?

3. How much of the TNB bill is expected to be saved?

4. How do you handle maintenance and repair services?

5. What are the financing and cost options available?

6. Can you explain the interconnection and grid integration process?

7. What incentives and regulations apply to my area?

8. Do you offer energy storage solutions?

9. Can you provide a detailed quote and timeline for the project?

A good solar PV provider will take good care of their customers. These are the things you can expect from a solar company. a thorough site survey and drone shots from different angles so you get the full picture of your rooftop, and the company will also explain your rooftop conditions and the number of solar panels you can install—or even if your roof is suitable for solar panel installation. You should also expect reports on the survey, quotations, and the design of the panels so that you will know what they look like. You can also talk to your provider about interconnection and grid integration, government incentives and regulations, and energy storage options. 

Looking for a solar PV provider? Here at Verdant Solar, we cover your solar applications from head to toe. What makes it even better? It’s all FOC! Customers will not have to take the time and trouble to fill out forms and apply. Even if the application is declined, we will fully return your deposit.

Understand your investment

Besides all that, a good solar company would assess the electrical system and wiring. They would also discuss maintenance and repair services, then give you a review of the project timeline and estimated costs. Some of the other things a good solar PV provider would do are explain the local incentives and regulations, talk about energy usage and savings goals, and discuss warranty and customer support. 

Other vital aspects a customer such as yourself should know before installation are the payment method, the exact number of panels to be installed, and the exact price. You should understand what the company has to offer. A good solar company would lay everything out on the table. They should be transparent and precise with what they have to say, just like how we do it here at Verdant Solar.

Conclusion

So if you’re still looking for your best solar PV provider, it’s time you turned to Verdant Solar! We are one call away, and you will have a free consultation with some of our most experienced workers who have been in this field for many years. Verdant Solar will be right here, ready to turn your nightmares into sweet dreams or, better yet, a wonderful real-life experience.

TNB bill reduction after solar panel installation

You’ve all heard of the term “Installing solar panels will help reduce your TNB bill.” It is reasonable for us to be sceptical of products that proudly ensure that by purchasing them, you will be “saving a lot of money.” We’d have no idea which of today’s trendy technologies benefits us with so much available. Solar panels are no different. They claim to be saving money by reducing your electric bills, which is one of their main appeals. Do they really? 

Fortunately for all of you out there, that’s true! The question is: how and why? Does it reduce the same amount for everyone? Why is the percentage of reduction different? 

NEM Rakyat 3.0

To understand it better, you can read up on our NEM 3.0 article to learn more about the packages that were introduced by our government. In the meantime, here’s a brief explanation. 

NEM is one of the options for you to generate electricity from your own solar PV system and offset the remaining solar energy from TNB to reduce your electricity bills. According to TNB, this system is designed to provide you with credit for any excess solar energy you generate. It is then used to offset your next electricity bill. This way, you can save money on your electricity bills while also protecting yourself from future price increases. Even better, you will become a part of the clean energy movement to reduce the effects of climate change! 

The government launched the Net Energy Metering (NEM) programme in 2016 in order to increase the use of solar power. The programme allowed excess solar power to flow back into the grid on a “one-on-one” offset basis. That’s where its popularity picked up, as excess power could be sold back to TNB. 

Not long after NEM and NEM 2.0, NEM 3.0 was introduced and will be available from 2021 to 2023. This programme has an allocated quota of 100 MW for the people, and it’s called NEM Rakyat. Once the solar energy generates the electricity and is used, the excess can be offset on a one-on-one basis. None of the energy or money will go to waste. People can save up to 90% every month in the long run. While saving money, we also get to practice an eco-friendly lifestyle!

Why is your TNB bill reduced by up to 90%?

Some of you might still be wondering how much the monthly TNB bill will be reduced. That actually depends on a few points. Before we dive into the details, understand the 6 things you must know before installing solar panels. 

1. Average Monthly TNB Bill

Firstly, determine your average monthly TNB bill before installing solar panels. To ensure your solar investment is worthwhile and makes sense, we always encourage our clients to install only when their TNB bills are more than RM200. If your monthly TNB bill is on average lower than RM200, ask yourself if you are expecting higher TNB bills in the future. For example, more electric appliances that will be installed in the future or more family members staying at the house could contribute to a higher TNB bill in the future. 

You might be interested to know if installing solar panels is worthwhile for you. Read here to understand better!

2. Roof Condition

The second would be your roof condition, which includes the roof size. Roof condition is so important to determine the number of panels that can be installed and the design of panels on the rooftop. Other than that, we also need to know if your roof condition is good enough to support the panels. 

It might sound technical and complicated to you. Worry not, our solar consultants are here to assist you! We will evaluate and survey your roof with our drone shots, which will be included in the site survey report so that you can also know your roof condition. Learn more about the procedures here! 

3. The number of panels to be installed

With your average monthly TNB bill and your roof size, we can roughly estimate the number of panels that need to be installed in order to get an ideal savings and a reasonable return on investment. 

Before diving into tailored solutions and customised packages, we frequently offer standard solutions at the start of the site survey so that you have a better understanding of your house conditions as well as the electricity consumption and savings. 

4. Your buying power

As mentioned above, the number of panels depends on the size of the roof. Other than that, it also depends on the amount of TNB bill you want to save and the budget you have to install solar panels. 

Here is one of the examples: Mr. Raja has an average TNB bill of around RM300 to RM400; the number of panels we would recommend is around 9. The average cost of 9 solar panels is around RM20,500. If you have a lower budget to install, you can always discuss with our solar consultant about getting fewer panels; if you have a higher budget and wish to save more on your bill, you can also consider installing more solar panels. We always encourage our clients to communicate with us in order to get more tailored solutions. 

These are the reasons why the reduction in the bill is different for every user. Some of you might get a 90% or 100% reduction, while others get 50% or less.

Conclusion

It is always better not to compare yourself with others because every home has different conditions. Instead of comparing your bills to those of others, compare them to your previous TNB bills and how much you have saved. Calculate the savings from now to the future; you’ll be surprised at how much you’ll be saving!

For more information, you know who to call. Always remember, we at Verdant Solar provide free consultations. If you want to go solar, now is always the best time! We can’t wait to hear from you! 

What is a Solar-Powered Home?

What does it actually mean to have a solar-powered home? Solar power is a clean, renewable source of energy that can reduce or eliminate a home’s reliance on fossil fuels. 

A solar-powered home is a residence that relies on photovoltaic panels to generate electricity from sunlight. The panels are installed on the roof. The electricity generated by the panels is used to power the home’s appliances, lighting, and other electrical devices. Anyone with landed property, such as semi-detached houses, terrace houses, bungalows, and so on, is eligible to own a solar-powered home.

Solar-powered homes before and after installation

Now, what is the difference between a solar-powered home before and after installation? Let’s break it down.

Source of electricity

The main difference between a solar-powered home and a non-solar-powered home is the source of electricity. A solar-powered home generates electricity using photovoltaic panels, while a non-solar-powered home typically gets electricity from TNB.

Besides that, a home with solar panels installed may be more self-sufficient when it comes to energy. While a regular home is connected to TNB, a solar-powered home may be able to generate all or most of its own electricity, depending on the size of the solar panel array and the energy needs of the home.

The difference in TNB bills

Another difference is that you can protect yourself from rising energy costs by installing a solar panel system. So, when you invest in solar panels for your home, you will be ensuring that your finances are not affected by the increase in electricity costs. 

Also, you will save up to 90% on your TNB bill, depending on the number of solar panels installed. 

The comfortableness of your home

When you have a solar-powered home, you will not need to worry about the high TNB bills or think twice before using your air conditioner for too long or using any extra electrical appliances. 

Many of you sacrifice your comfort just to save or lower a small amount on your electricity bill, living in stuffy conditions for this reason. With the installation of solar panels, you no longer have to worry so much! 

Your contribution to the environment

Apart from reducing your costs, you will also be using green energy to decrease pollution. Solar energy is a renewable resource that plays a significant role in lowering greenhouse gas emissions and preventing climate change, which is essential for safeguarding people, animals, and ecosystems. Solar energy can also be used to reduce water consumption and improve air quality.

Hence, if you choose to own a solar-powered home, you are helping to make the environment better!

The difference in property value

Last but not least, let us reveal a benefit of installing solar panels for your home that few people discuss… Your rooftop will be protected! Surprised? 

There is a myth that solar panels are bad for your roof, usually in regards to holes or water leaks. But the truth is, solar panel installation does not create major holes in your roof, and it provides a thin layer of protection that provides a cooling effect and bad weather protection on the roof of your solar-powered home, thus increasing your property value. Homes with solar panels installed do sell for a higher price!

Conclusion

If you would like to know more about the difference between a well-solar-powered home and a regular home, you know where to go! Call us at Verdant Solar; we always strive to deliver world-class solar solutions and a top-notch experience to our clients. We also have a vision of a world with 100% reliance on renewable energy. 

Also, never forget that any consultation with us is totally free! We’ll be here to answer any questions you may have and to guide you so that you only get the best!

The more solar panels, the better?

Solar panels are a renewable energy technology that converts sunlight into electrical energy. It’s also a green technology that produces zero pollution, but is it like all good things? The more, the better? Some of you might be surprised by the answer, but it’s a NO. If we are talking about rooftop solar panels, there are a few factors to consider before doing anything.

Factors to consider for the number of solar panels

First and foremost, your house’s roof condition plays an important role here. In order to install your desired amount of solar panels, you will need to have enough space on your roof or property to install them. Hence, do not reject having your solar consultant visit your home. Let them fly the drone and have some drone shots on your roof.

Next would be the cost of solar panels. It is important to consider your budget when deciding how many solar panels to install because they can vary significantly. In general, solar panels cost from RM19k to more than RM50k. So be prepared to have roughly this range of budget before you consider installing. 

To know the exact cost of your solar panels, you must also know your electricity needs. Consider your current and future electricity needs when deciding how many panels to install. If you have a large home with high energy needs, you may need more panels than if you have a smaller home with lower energy needs. 

Aside: solar panel installation is not recommended if your monthly electricity bill is less than RM200. Let’s think about this question: is it possible that you’ll use more than RM200 a month if you don’t need to worry about the bills? If the answer is yes, congratulations! You can be part of the solar energy journey with us. If the answer is no, we strongly advise you not to install the system because you will not see significant savings and the payback period will be longer.

Disadvantages of having too many solar panels

One of the few disadvantages of having too many solar panels is that you cannot use all your excess electricity and have to send the excess electricity back to the power company. It is important to understand your unique situation and then determine how many solar panels you should get for your solar panel installations. If not, the ROI will not make much sense to you.

What is next?

Once you know how much your energy consumption is and how much roof area is available for solar panels to be installed, you need to calculate how many solar panels you need to buy for full-capacity solar energy systems. You can install as many solar panels as it takes to cover your entire roof, but that’s not the best way to go about it. 

The solar panels are connected in series. This means that connecting them in parallel will double your total output. You can determine how many panels you should buy by dividing the total wattage required for your home by the number of watts a solar panel can produce, or you can just get a solar consultant to do a free site survey on your house and ask him to do the calculations. 

It is important to know as much as possible before any installation.

Why is it not better to have more solar panels?

You may have a hard time understanding this concept. Sunlight is abundant, and it never runs out, right? So why shouldn’t we capture as much of it as possible? To get a better understanding of this question, you’ll need a consultation with solar energy consultants. 

Nonetheless, let us talk about the system balance point. The balance point of a solar system is defined as the point at which there is enough solar power being generated to offset all of the loads in an average day. This number varies; for example, in some systems, it falls between 3 and 6kW worth of solar power production capacity. Beyond that, your system will be producing more electricity than you’re using, meaning that some of that power will be sending unused energy back into the grid.

Wiring is also very important. If you’ve already got a system installed with proper wire sizing, adding another 2kW or even 1kW is typically plug-and-play. When you try to add more than that, complications will arise because you may not have properly planned your installation from the start.

Last but not least

And probably the most important thing is that you must choose a good consultant before installation. Here at Verdant Solar, we only provide the best. So if you’re looking for a solar installation company, we are right there, only a phone call away. We are equipped with knowledgeable, expert consultants with years of experience. What’s more awesome? A consultation with Verdant Solar is totally free! We will let you know everything you need to know about installing solar panels so you don’t make any mistakes! Sign up here to get a free site survey.

Considering switching to solar power? You must be wondering why we should go solar. Let’s read more to know the whys! 

We already know the basic good it could do, like saving the environment or lowering your electricity bills. However, here are some MAJOR advantages to going solar!

Go Solar Home Increase Your Home’s Value

One of the main advantages is that it increases your home’s value. Many research findings show that home buyers consistently pay more for homes with solar installed. In fact, homeowners who invested in solar made back at least as much as they spent buying the system. Plus, homes with solar installed spend less time on the market. So, even if you were contemplating moving within the next few years, solar would still be a worthwhile purchase. Not to mention, you’ll save money on energy costs before the move, too.

Make a smart investment

Another reason you should go solar is simply because it is a smart investment.

Homeowners typically generate a return on investment of between 10-20% on their residential solar energy system. This is a payback period of only 5-10 years on a system that will last 25-30 years. Who wouldn’t want that?

If you were to invest in the stock market, getting that type of return on your investment would be considered out of this world. Stocks and shares go up and down; the return on investment from a solar system could also be said to have a much lower risk profile. 

It is certain that you will continue to use electricity, and so the investment income from solar (in the form of electricity bill savings) is very secure and reliable. This should not be overlooked by people considering the investment case for a home solar system.

Go Solar Go Green

If you would personally like to contribute to our beloved environment, you should always remember that solar is good for the environment. Solar power doesn’t pollute the air or produce Greenhouse gases. It replaces other non-renewable power sources such as oil, gas, and coal, and using a renewable energy source stops the need to use fossil fuels to generate our electricity.

Cost Savings Go Solar

Now let’s take a look at cost savings. Switching to solar energy can significantly reduce your electricity bills, especially if you live in an area with high electricity rates. Solar energy systems allow you to generate your own electricity, which can be especially valuable in areas with unreliable or expensive grid-based electricity. Furthermore, solar panels are durable and require minimal maintenance, so they can provide reliable electricity for many years. Meanwhile, Verdant Solar is providing product warranties up to 25 years.

Conclusion

Overall, going solar can be a smart and cost-effective choice for individuals and businesses looking to reduce their energy costs and their environmental impact.

Solar energy is considered a better energy source for several other reasons. It is abundant and widely available. Besides, solar energy is available almost everywhere on Earth, and there is an almost limitless supply of it. It can increase energy independence. Solar energy systems allow individuals and businesses to generate their own electricity, which can be especially valuable in areas with unreliable or expensive grid-based electricity.

Switching to a solar-powered home has many benefits and is a good choice for those looking to reduce their energy costs and their environmental impact. Since solar energy is the way forwards, stop hesitating and go solar!

Installing solar panels is too expensive for me! How can I own a solar system if it’s too costly for me?

Before one starts to ask questions, let us recap a budget for owning solar panels. Here are two reasons why:

Cost of Equipment

High-quality solar panels require advanced technology and manufacturing to produce the finest raw materials such as high-grade silicon. (Example of panels: Monocrystalline and Polycrystalline)

Installation Fees

Installing solar panels with a professional solar installer helps ensure safety while remaining compliant with government regulations, inspections, and manufacturer warranties.

Is installing solar panels too expensive?

However, investments in installing solar panels have generally been popular now that they are becoming more affordable! All thanks to our government support and investors that leads to the reduction of costs. Not to mention Malaysia’s solar sector is the perfect country for more growth given the favorable conditions that are developing.

The cost of installing solar panels may vary depending on the size of the installation, the quality of the solar panels, and the plan that you desire for the service.

There are also options to have your financial scheme towards solar with banks to earn major green deals. Recently, Affin Bank has become one of the banks that offer to fund renewable energy setups including solar energy in Malaysia! Find out more over here. 

How much can I save after installing solar panels?

a) Lower Electricity Bills 

By installing solar, you can save up to 90% of your monthly electricity bills!

b) Solar Payback Period 

The solar payback period is the amount of time it takes to recoup or ‘break even’ on your original investment in solar and when exactly this expenditure can begin to generate profit. With the Net Energy Metering (NEM) scheme, it can provide a shorter payback period of 4-7 years for residential projects in the right circumstances!

If you’re still feeling uncertain about the cost of installing solar panels, start by getting a solar cost and savings estimate. Get your free consultation now here at Verdant Solar! 

As a customer, we can’t help but wonder about the benefits of solar panels. It’s tough to grasp the science behind a solar panel mechanism, but fret not, we are here to assist!

1. Are solar panels no light = no function?

It’s one of the common misconceptions that everyone has about installing solar panels in their home. If solar panels were to not function during the night, one might ask what is the primary purpose of having them in the first place?

During the day, solar PV homes are activated by sunlight, also known as the photovoltaic effect, and generate electric current. Therefore, solar PV will still be able to generate electricity that depends on the intensity of the sunlight, especially on a rainy or cloudy day.

2. Wet panels = faster damage?

Solar panels are extremely durable and designed to last more than 25 years. With no moving parts, they also require little to no maintenance.

Damage is hard to do because panels are waterproof! As a matter of fact, rainy days are helpful when it comes to washing off dirt and debris that accumulates on the panels over time, making them even more effective.    

3. Without sunlight = extra charges?

Some might have thought that using solar panels at night will cost extra, adding to their electricity bills. NEM (Net Energy Metering) comes in handy because of its optimum functioning as the cost of obtaining electricity from the grid will be covered by the net metering credit

The NEM scheme occurs when we connect our solar panels to flow back into the main electric grid. This process allows the panels to work all day, exporting any surplus solar electricity back to the main electric grid while providing electricity when your panels are not generating electricity during the night.

Conclusion

As we are all aware, the weather varies so regularly due to the different impacts of the sun’s heat. Solar panels are an excellent method to offset energy expenses and lead to a lower environmental impact that focuses on green energy in Malaysia and around the world.

Install your very own solar panels today and get a free consultation from Verdant Solar! To learn more, reach out to us at our contact page.