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ReFIT Frequently Asked Questions

Home / Knowledge Bank / Frequently Asked Questions

Q
ReFIT - we can help you to understand more on solar panel and FIT programme
A

Established in 2012, RE FIT are registered PV service provider and ISPQ accredited Solar PV panel Installers, we offer a wide range of Solar PV systems to suit the needs of domestic and commercial customers.

As a registered member of Sustainable Energy Development Authority (SEDA) you can rest assured that you are getting a pv system that will suit your requirements and last the test of time, providing you with clean renewable Electricity and an income for years to come.

Our accredited solar pv installers can design the optimum system for your site, enabling you to fully realise your generation potential and allowing you to reap the full rewards of government feed-in tariffs and maximising the savings on your current energy usage.

Electricity from Solar pv panels is 100% renewable and pollution free and as such will actually help to reduce the carbon footprint of your home or business.

Our team will work closely with you to design the optimum pv system to suit your needs and budget and will ensure that all equipment is fully certified to MalaysianStandards (MS1837:2010), meaning a guaranteed minimum system output for 25 years and acceptance to your chosen energy suppliers feed-in tariff.

Q
I do not wish to use solar energy. Can I sell the energy i generate?
A

Yes! Most electricity suppliers now operate a feed-in tariff for Solar Photovoltaic generation, in domestic cases a system under 4Kw can receive RM 1.3708 per unit generated, meaning a home with a 4kWppv system could earn up to RM7000++ in payments for the electricity they generate.

Q
Solar PV panels as a long term investment and passive income
A

In the past Solar PV was the technology for the environmentally passionate or the DIY electronics enthusiast as the cost of install versus generation was just not economically viable, but with new FIT laws, Solarpv has never been such a financially viable option.

This year the government introduced a new rate at which domestic households generating electricity from Solar PV technologies could receive from their energy supplier, currently for every unit you generate your energy supplier will pay YOU a "Feed in Tariff" of RM 1.3708, this level of payment is currently in place for 21 years.

Typically for a domestic solar panel system you can run at profit after recouping the install costs after 6-8 years, which at first glance may seem a long time, But! With guaranteed output from your pv system for 21 years, you will be generating electricity at profit for many years to come, its worth noting that many systems installed in the 1970's are still generating today! There has never been a better time to install solar panels.

Q
What is Feed-in-tariff and how it is going to benefit us?
A

Under the proposed RE Act, the RE power system ( Solar PV, Biomass, Biogas, and Small-Hydro) can enjoy the feed-in tariff rate. 
The following is the returns illustration given by MBIPV as illustrated in its FAQ. One of the leading Newspaper quoted an example of Solar PV systems from a 4KW solar installation as below: 

A 4 kWp Solar = RM40,000 (Cost of Capital Expenditure - Capex). 

The Solar PV system can generate 400 kWh (yield per month) x 1.37 (FiT rate for 4 kW 2013) = RM548 per month (payment received from TNB) 

ROI Annual = 40,000/6575=16.4%

Expected Year to gaining back capital = 6 Years

Return for over 21 years expected to be more than RM127,000 

ROE Return Calculation

Year Investment Annual Return ROE
1 40000 6575.00 16%
2 33425 6522.40 20%
3 26903 6470.22 24%
4 20432 6418.46 31%
5 14014 6367.11 45%
6 7647 6316.17 83%
7 1331 6265.65 471%
8 No cost 6215.52 Unlimited
9 No cost 6165.80 Unlimited
10 No cost 6116.47 Unlimited
11 No cost 6067.54 Unlimited
12 No cost 6019.00 Unlimited
13 No cost 5970.85 Unlimited
14 No cost 5923.08 Unlimited
15 No cost 5875.69 Unlimited
16 No cost 5828.69 Unlimited
17 No cost 5782.06 Unlimited
18 No cost 5735.80 Unlimited
19 No cost 5689.92 Unlimited
20 No cost 5644.40 Unlimited
21 No cost 5599.24 Unlimited

Advantage to environment: 

Thus, the roof can provide a shelter and also a passive income to the owner, and off-set CO2 from fossil fuel (1kWh = 0.7kg CO2). 

For more detail, please visit Kettha Report at
http://ebookbrowse.com/faqs-on-fit-pdf-d20641558

Q
Why invest in solar electricity?
A

It Generates Monthly Passive Income A solar electric (PV) system for an average house costs between RM40K to RM100k depending on the size of your roof. The new feed-in tariffs are projected to give you an monthly net income of RM500 and above.

• Cooling your house by blocking all the sunlight direct to your house roof.

• Lesser air-condition is needed, less payment for electric bill.

• Give your house roof a value, utilize it to earn money, don’t make it sleeping without any production.

• Save environment by reducing Carbon Emission in environment . We are part of green environment society.

• Solar Power is a 'Clean' Energy

• It is Easy with us at RE Fit Solution Sdn.Bhd taking care of all your concerns and hassle. It is not like home renovation, it only takes a day or two to install.

• It is renewable and it is forever as long as sunlight is there.

Q
What is SEDA and how it roles define Malaysia's solar panel FIT implemention policy?
A

The Following Excerpt is extracted from FAQ on FIT issued by the Kementerian Tenaga, Teknologi Hijau dan Air (KeTTHA). For full report, please refer to http://ebookbrowse.com/faqs-on-fit-pdf-d20641558 The Malaysian cabinet had approved the Renewable Energy Act and Act for a Feed-in-Tariff Implementing Agency in April 2010. These Acts were then formalized under the 10th Malaysia Plan, with which the National Renewable Energy Policy & Action Plan was announced to the public. It aims to increase the generation of electricity from renewable sources of energy from less than 1% of total output in 2009 to 5.5% in 2015.

Renewable sources of energy eligible for the tariff system are solar photovoltaic, biogas, biomass, mini hydro, and solid waste. Basically the system will allow producers and users alike to sell excess power to the national power grid. In other words it is a mechanism which will allow electricity produced from local renewable energy resources to be sold to power utilities at a fixed premium price for a specific duration. The organization which was established to manage the feed-in tariff programme is the Sustainable Energy Development Authority (SEDA).

The followings are the relevant excerpt for Home Solar from the FAQ presented by The Malaysia Building Integrated Photovoltaic (MBIPV).

• Who will oversee the running of FiT?
The Sustainable Energy Development Authority (SEDA), which is a statutory body under the Ministry of Energy,
Green Technology and Water, will be established under the Act of Parliament to manage and oversee the implementation
of the FiT. The Act is targeted to be approved by parliament in March 2011 and is expected to be established by April 2011.

• Which Renewable Energy if eligible for FiT?
The following RE resources will be eligible for FiT (1) Biomass (including solid waste); (2) Biogas (including landfill
gas & sewage); (3) Small-hydro; and (4) Solar PV.

• If I commission my Solar PV system in 2011. What rates will I get?
If FiT commences in 2011 you will get this maximum tariff. Then on 1st January of the subsequent year, the rates will
degress by 8% for new applications. Interested parties are advised to refer to SEDA's website for the applicable FiT rates.

• Which tariff will apply for normal houses with existing roofs which are then installed with a PV system on it?

If you install on top of an existing roof, you will be entitled for a tariff for 'building structure' but you will not be
eligible for the bonus under 'building material'. Unless, the PV itself is part of the roof (remove the roof tiles and replace with PV modules) then
you are entitled for both 'building structure' as well as for 'building material'.

Q
What is the first thing we need to do to kick start this programme?
A

Just give us a call or email, we will respond via our technical consultant who will try to understand more about your current premise environment before a feasibility report is drafter. Contact us today, we will explan to you further!


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