Net Energy Metering (NEM) is a scheme that allows consumers to sell back excess electricity generated from their solar system to the grid (TNB). The excess energy is offset on a one-to-one basis and credited on the following month's bill.
NEM schemes are applicable to residential, commercial, industrial and government ministries and entities. Quotas have been allocated for each category by the Ministry of Energy and Natural Resources (KeTSA).
Sign up now before the quota runs out!
Self-consumption (SELCO) applies when electricity generated from solar system is consumed for own usage and any excess energy is not exported back to the grid (TNB).
This model is very competitive as it still offers plenty of savings and allows consumers to hedge against the rising cost of electricity.
Large Scale Solar (LSS) is a scheme that allows consumers to generate electricity from a utility-scale solar farm ranging from 1 - 30 MW and sell it to the grid (TNB). Potential developers go through a competitive bidding process administered by the Energy Commission.
This scheme is applicable to those with unutilized lands looking to capitalized on them.
Green Investment Tax Incentives
The Government announced in Budget 2020 that Green Investment Tax Exemptions (GITE) and Green Investment Tax Allowances (GITA) will be extended up to 2023.
Your solar investments may be eligible to one of these incentives. Our team at Suncatcher Malaysia will advise you and ensure you get the best bang for your buck!