About Feed-in Tariff (FiT)
A feed-in tariff (FiT) is a policy mechanism designed to promote investment in Renewable Energy (RE) technologies by offering long-term power purchasing contracts to RE producers at a fixed premium rate.
The FiT is financed by the Malaysian electricity consumers who contribute 1% of their total electricity bill towards a RE Fund when they use more than 300kWh of electricity per month.
The approved RE power producers will enter into a Renewable Energy Power Purchase Agreement with the Distribution Licensee (TNB) and will be paid for every kilowatt hour of power exported to the grid for 21 years.
Feed-in Tariff with SEDA
mySolarPower provides an end to end solution for our clients in the Feed-in Tariff program. We will assist from the beginning of the engineering and design, to the SEDA & FiT applications, through the legalities of a Renewable Energy Power Purchasing Agreement with Tenaga Nasional Berhad. We are able to provide sound advice and consultancy through our extensive experience on how to best achieve maximised returns from the Feed-in Tariff program.
For Feed-in Tariff applications under Individual category, we are able to provide financing options for individuals to assist in the complete deployment of Solar PV technology at your home. We have financing packages for PV systems up to RM100,000 over a tenure of 5 years.
With our highly reliable PV system and relentless after sales service and support, you can trust that we would endeavor to deliver you the best in solar PV and Feed-in Tariff.
To check the available quota of Feed-in Tariff available as of this moment, kindly follow the link to SEDA.
FiT Rates for Solar PV (21 Years from FiT Commencement Date)
|Description of Qualifying Renewable Energy Installation||FiT Rates (RM per kWh)||FiT Rates (RM per kWh)|
|*The tariff is subject to revision by the Sustainable Energy Development Authority (SEDA) Malaysia.Please contact us or visit www.seda.gov.my for the latest tariff.|
|(a) Basic FiT rates having installed capacity of:||2013||2014|
|(i) up to and including 4kW||1.1316||1.0411|
|(ii) above 4kW and up to and including 24kW||1.1040||1.0157|
|(iii) above 24kW and up to and including 72kW||0.9440||0.7552|
|(iv) above 72kW and up to and including 1MW||0.9120||0.7296|
|(v) above 1MW and up to and including 10MW||0.7600||0.6080|
|(vi) above 10MW and up to and including 30MW||0.6800||0.5440|
|(b) Bonus FiT rates having the following criteria (one or more):||2013||2014|
|(i) use as installation in buildings or building structures||+0.2392||+0.2201|
|(ii) use as building materials||+0.2300||+0.2116|
|(iii) use of locally manufactured or assembled solar PV modules||+0.0300||+0.0300|
|(iv) use of locally manufactured or assembled solar inverters||+0.0100||+0.0100|
How to Calculate Your Estimated Monthly FiT
|PV System Capacity||21yrs FiT Monthly Income by TNB||10yrs Monthly Repayment to Bank||Return on Investment|
|4 kWp||RM550||RM502||5 Years|
|6 kWp||RM800||RM645||3 Years|
|8 kWp||RM,1070||RM940||4 Years|
|10 kWp||RM1,300||RM1,135||3 Years|
|12 kWp||RM1,600||RM1,288||3 Years|
System size (in kWp) x Peak Sun Hours x Feed-in Tariff x Number of Days in the Month.
Example: A 4kWp residential PV system installed on roof, located in Kuala Lumpur, and commissioned in 2013.
4 x 3.3 x (RM 1.1316 + 0.2392) x 30 = approx. RM 542.84 per month