The programme is one of Seda's initiatives to promote Renewable Energy (RE). Feed-in Tariff (FiT) mechanism under Renewable Energy Policy and Action Plan allows electricity produced from indigenous renewable energy resources (e.g. your home solar panel) to be sold to power utilities (e.g. TNB) at a fixed premium price for a specific duration.
How much energy you can generate and FiT payment is largely dependent on the type and size of the solar PV technology used in your home. FiT payment is calculated based on actual kWh reading by the revenue meter [(current kWh reading - last kWh reading) × FiT rate]:
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RE Installed Capacity [A]
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4 kWp
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RE Generation per month [B]*
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400 kWh per month
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FiT Rate [C]**
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RM 1.3708 per kWh
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FiT Duration [D]
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21 years
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FiT Payment by the DL to FiAH per month [B] × [C]
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RM 548.32
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Capital Investment (assuming RM 13000 per kWp)
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RM 52000
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Simple Payback Period
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7.9 years
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Annual return
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12.65%
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* Assume 1,200 kWh/kWp/year
** Assume FiT rate + Bonus FiT rate (use as installation in building) for 2013 quota
Based on the assumption and calculation, you can get an annual yield of 12.65% by installing 4 kWp solar panel on your house's rooftop with RM 52000. Interested but worried on the high installation cost? You can check out solar panel financing by Alliance Bank. You only have to pay a downpayment of 10% of the entire cost of the panels, as the bank offered up to 90% financing.
You can find out on the steps of applying for Feed-in Approval (FiA) here.
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