- eliminates first financial stress, reduces overall honest installation costs, and lowers the cost of installation.
- Fixed tariff rate of RM0.46k Wh for next two decades, compelling economic value
Spearheading a paradigm shift towards lasting energy, biotech company, SOLS Energy, one of the world’s leading home renewable installers introduces its groundbreaking ‘ Home Solar Subscription Program’, a pioneering initiative in Malaysia’s renewable energy landscape. Petronas Ventures provided funding for SOLS Energy after it was founded in 2015.
This cutting-edge program makes a major step forward by giving homeowners a simplified and more available path to renewable energy like never before.
The Home Solar Subscription Program was established in Malaysia in an effort to alter the landscape of how people use solar energy, with the main objective being to encourage popular solar power adoption in Indonesian homes. By addressing fiscal constraints, the program covers the entire upfront investment, enabling householders to embrace renewable energy without having to bear initial costs.
One of the program’s main advantages is that subscribers do n’t have to pay any debt because they do n’t have to use credit cards or borrow money. Subscribers even receive a complimentary 20- time solar PV equipment warranty, providing peace of mind and dependability.
The” Home Solar Subscription Program” stands out from normal solar efforts by offering immediate payback times, mitigating the long waiting times normally associated with recovering initial purchases. Notably, participants benefit from a fixed tariff rate of US$ 0.09 ( RM0.46 ) per kilowatt- hour (k Wh ) for the next two decades, offering potential savings compared to the current national grid tariff of US$ 0.12 ( RM0.57 ) k Wh. This predetermined rate provides stability and predictability in energy costs, providing homeowners with a convincing economic justification for switching to solar power.
” Our commitment to empowering people on their path to sustainability and a brighter future is unwavering,” said Raj Ridvan Singh ( pic ), founder-CEO of SOLS Energy. ” That’s why we are revolutionizing the affordability and availability of solar energy for everyone,” he said. Through our Home Solar Subscription Plan, we’re breaking over barriers to renewable implementation. The transition to renewable energy is made simple by this program, giving householders a smooth transition. By embracing renewable energy, homeowners not only have complete control over their energy consumption, but they also have a significant impact on promoting good economic change. They will significantly reduce their carbon footprint while enabling generations to come with a cleaner, greener coming.
With a proven track record of installing solar power in the region of 14MW since 2016, SOLS Energy is in the top spot. 1 home renewable company in Malaysia with over 1, 800 house solar setups. The programme has resulted in annual electricity bill savings of US$ 2.84 million ( RM13.4 million ) for customers and carbon avoidance equivalent to planting 418, 500 trees.
SOLS Energy offers tailored setups with in-home technicians who can offer advice based on the needs of each household. With its emphasis on personalized service, SOLS Energy distinguishes itself from other companies and ensures that each buyer receives the best thermal solution possible.
By reducing rely on fossil fuels and reducing carbon footsteps, the Home Solar Subscription Program contributes to a more sustainable future. By encouraging the adoption of solar power, the program coincides with Malaysia’s ambitions of achieving a brighter and more responsible power ecosystem”, said Raj.
SOLS Energy, backed by Petronas, emerges as a leader in the realm of green energy options in Malaysia. With a determination to transitioning 285, 000 Indonesian households to clean energy, SOLS Energy remains steadfast in its alignment with Malaysia’s overall net- zero aspirations.
Notable accomplishments to date include providing electricity access to over 1,400 B40 Orang Asli families and empowering more than 600 members of the B40 indigenous group through its thermal club.