SolaRIS: A Scheme to Boost Solar PV Usage
In a bid to promote a faster and more widespread adoption of solar photovoltaic systems among residents, the Government has taken steps to introduce the SolaRIS, a comprehensive rebate-based scheme for NEM Rakyat domestic consumers.
A quota-based incentive programme managed by the TNB (Tenaga Nasional Berhad) and available mainly for TNB account holders and residents applying for the NEM (Net Energy Metering) scheme, this offering aims to improve RE (renewable energy) usage in the region to as much as 70% by the year 2050. Solar panel systems are among the most popular RE categories especially for residents and individual users.
Under the SolaRIS scheme, Malaysian citizens can get rebates from RM1,000 per/KWac to as high as a maximum of RM4,000, the total of which will be deposited to the consumer’s local bank account once system operations are in place. This rebate offering is based on quota availability under the NEM Rakyat category up to December 31, 2024. The Government has allocated an additional 100 MW (megawatts) bringing the total available quota to 350MW, with only 50% remaining by March 2024.
A requirement is for the applicant to be a TNB account holder or a first-time applicant to the NEM (Net Energy Metering) scheme. There is a one-time claim limit for each of the participating individual, and acceptance will be on a first come first served basis. The acceptance of these applications to the SEDA or Sustainable Energy Development Authority Malaysia commences on April 1, 2024 and ends on December 31, 2024. Additionally, such applications must already be deemed operational by March 31, 2025 or earlier, or until the full allocation of all available SolaRIS quotas.
The SolaRIS aims to build upon the NEM scheme introduced by the Malaysian government wherein consumers are able to reduce their electricity expenses through the installation of solar PV panels on the respective rooftops of their houses. Consumers are encouraged to utilise the solar PV-generated energy first and then to supply excess energy back to the grid for NEM credit.
Speaking during the launching of the SolaRIS incentive programme, Datuk Seri Fadillah Yusof, who sits as the Deputy Prime Minister and Energy Transition and Water Transformation Minister, emphasized the smart usage of roof space as means for renewable energy generation for domestic uses, aligned with the country’s targets to reduce carbon emissions at a significant rate.
To read more about SolaRIS, you may visit the websites of the Energy Commission, SEDA Malaysia, and the TNB.
https://www.tnb.com.my/solar-for-rakyat-incentive-scheme-solaris
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