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Malaysia launches residential PV subsidy scheme

  • April 11, 2024
Malaysia's Ministry of Energy Transformation and Water announced a program to encourage residential photovoltaic installations.

The National Solar Incentive Scheme (SolaRIS) will provide rebate subsidies ranging from 1,000 to 4,000 ringgit per kilowatt for new net metering users.

Rebates will be allocated on a first-come, first-served basis. To qualify for the rebate subsidy, applicants must ensure that their photovoltaic system is in operation by March 31, 2025, and that the government's rebate quota has not been used up. Applications opened on April 1 and will be closed by the end of the year.

State-owned utility company Tenaga Nasional Bhd (TNB) administers the rebate subsidy scheme. Applicants must be both a residential customer of TNB and a Malaysian citizen to be eligible for the rebate subsidy.

The SolaRIS project will support Malaysia's goal of generating 70% of its electricity supply from renewable energy by 2050 and help reduce carbon emissions in the power sector, according to the Malaysian government website.

© Copyright: 2024 Xiamen Wintop New Energy Tech Co., Ltd.. All Rights Reserved.

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