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NEM SolaRIS
Dissecting the Govt’s SolaRIS Scheme
In alignment with the Government’s push towards renewable energy initiatives and applications, it has introduced the SolaRIS scheme which encourages NEM Rakyat consumers to install solar photovoltaic panels on the rooftops of their homes and get rebates in return.
SolaRIS stands for Solar for Rakyat Incentive Scheme — targeting mainly existing NEM Rakyat consumers as well as first-time NEM (Net Energy Metering) applicants. It offers rebates at RM1,000 per/KWac or up to a maximum of RM4,000 to all Malaysian citizens with an existing account at the TNB.
Applications for the rebate scheme are available from April 1, 2024 to December 31, 2024 subject to the availability of existing quota for NEM Rakyat, with as much as 50% only remaining for the month of March 2024. There is a one-time limit for all rebate claims for all participating consumers. In addition, the rebates are made available on a first come, first served arrangement.
It has also been stipulated that NEM Rakyat applications approved between April 1 and December 31, 2024 must already be up and running by March 31, 2025 or once the remaining quotas have already been availed fully.
Applicants availing of the rebates are advised to have their local bank accounts ready for the depositing of the disbursements upon completion, the amount of which deposited to the local bill holder will be subject to the terms and conditions of the programme under the TNB.
Speaking during its launching, Deputy Prime Minister Datuk Seri Fadillah Yusof has labeled the installation and use of solar PV panels and systems in homes as an efficient approach to the widespread adoption of renewable energy especially with the availability and accessibility of roof space.
According to Fadillah, the scheme is designed to draw in more domestic users and consumers to engage in the solar energy transition thus helping to achieve the government’s aims to significantly reduce carbon emissions by the year 2050. The project is positioned under the umbrella of the NEM or Net Energy Metering Programme of the government.
The NEM Programme has been in place for some time, wherein domestic users with installed solar PV systems in their respective residences are encouraged to utilise the solar energy generated by the panels and to supply the excess energy back to the TNB for the purpose of obtaining NEM credit.
To learn more extensively about the SolaRIS programme, these websites offer extensive details: The Energy Commission, SEDA Malaysia, and TNB.
https://www.tnb.com.my/solar-for-rakyat-incentive-scheme-solaris
