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.
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.
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.
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
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.
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'.
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!
