What do I need to know about Solar financially?
What do I need to know about Solar financially?
Do I need to pay the full amount upfront?
Sunview offers a variety of payment options. In addition to paying the full amount upfront via Cash or Credit Card, we also offer solar financing solution where we partner with multiple financial partners to support the installation of solar panels your rooftop for no money down.
In return, the homeowner will only pay a fee for the utility bills based on for the electricity the panels produce for a set period, usually between 15 and 25 years. Once this financing period is over, the arrangement ends, and the homeowner or the business owner has no further financial liability.
Here’s a summary of the variety payment method that we offer.
| CASH | CREDIT CARD | LOAN FINANCING | ZERO CAPEX | |
| Description | Upfront full payment | Upfront full credit card payment or opt for 12, 24 or 36-month installments. | Flexible financing term of 1 to years from AmBank, Public Bank, MBSB | Pay investors a fixed monthly amount from 1 to 10 years |
| Upfront Investment | Yes | Prepay options | Prepay options | No Upfront |
| Ownership | Buyer | Buyer | Buyer | During leasing period -Investors own the system After leasing period, buyer owns the system. |
| Payment frequency | N/A | Fixed monthly | Fixed monthly | Fixed monthly |
| Warranty | Yes | Yes | Yes | Yes |
| Payment Term | One lump sum | Up to 36 months | Up to 10 Years | Up to 10 Years |
Can I get paid for excess electricity exported to the grid?
Nope, all customers whether residential or commercial and industry will not get paid for excess electricity exported to the grid. However, you can enjoy the off set or credits rollover under the existing Government incentive programmes. To learn more on the incentives, visit here.
What happens if I decide to sell my building?
In the event where you sell your building, the system can be novated. That means your agreement can be transferred over to the new owner, subject to authority approval. In the rare occasion where the new tenant does not want to keep the system.
What happens to our agreement if the grid price fluctuate?
According to our in-house research, electricity bill has been increasing by 3-4% on average per year. Therefore, it is recommended to install a solar energy system with a fixed solar tariff rate that is mutually agreed. This acts as a hedge to grid price fluctuation.
For example, Utility bills under Tariff C2 has shown an increasing trend of 4% per year.
What is the simple payback period for a Solar PV system?
Depending on the size of the system and rooftop, the payback period can be different, ranging from 3-5 years including the Government incentive programs. Check out our impact calculator to find out your estimated payback period.
What is the type of warranty for Solar Energy System?
Every part in a Solar panels system carries a different period of warranty. Here’s an overview of the product warranty list.
| Solar Energy System items | Warranty period |
| Solar Panels | 12 years |
| Solar Energy Output | 25 years |
| Solar Inverter | 5 years but extendable to 10, 15 and 20 years |
| Balance of System | 2 years |
| Operating and Maintenance | Up to 4 years |
| Mounting Structure | 10 years |
If you would like to find out more about solar financially, do talk to our business development managers and we will be more than happy to answer any clarifications that you have.
What do I need to know about Solar financially?
Do I need to pay the full amount upfront?
Sunview offers a variety of payment options. In addition to paying the full amount upfront via Cash or Credit Card, we also offer solar financing solution where we partner with multiple financial partners to support the installation of solar panels your rooftop for no money down.
In return, the homeowner will only pay a fee for the utility bills based on for the electricity the panels produce for a set period, usually between 15 and 25 years. Once this financing period is over, the arrangement ends, and the homeowner or the business owner has no further financial liability.
Here’s a summary of the variety payment method that we offer.
| CASH | CREDIT CARD | LOAN FINANCING | ZERO CAPEX | |
| Description | Upfront full payment | Upfront full credit card payment or opt for 12, 24 or 36-month installments. | Flexible financing term of 1 to years from AmBank, Public Bank, MBSB | Pay investors a fixed monthly amount from 1 to 10 years |
| Upfront Investment | Yes | Prepay options | Prepay options | No Upfront |
| Ownership | Buyer | Buyer | Buyer | During leasing period -Investors own the system After leasing period, buyer owns the system. |
| Payment frequency | N/A | Fixed monthly | Fixed monthly | Fixed monthly |
| Warranty | Yes | Yes | Yes | Yes |
| Payment Term | One lump sum | Up to 36 months | Up to 10 Years | Up to 10 Years |
TNB Bill (RM) | Suggested Package | System Size (kWp) | Energy from Solar PV (kWh) | Potential Savings (RM) | Your New TNB Bill (RM) |
RM 140 – RM 190 | SP1 | 4 | 420 | RM 139 – RM 168 | RM 1 – RM 22 |
RM 250 – RM 360 | SP2 | 6 | 630 | RM 249 – RM 315 | RM 1 – RM 45 |
RM 480 – RM 600 | SP3 | 8 | 1050 | RM 487 – RM 554 | RM 3 – RM 46 |
RM 610 – RM 800 | SP4 | 10 | 1260 | RM 607 – RM 698 | RM 3 – RM 102 |
RM 810 – RM 1000 | SP5 | 12 | 1720 | RM 780 – RM 897 | RM 10 – RM 103 |
Can I get paid for excess electricity exported to the grid?
Nope, all customers whether residential or commercial and industry will not get paid for excess electricity exported to the grid. However, you can enjoy the off set or credits rollover under the existing Government incentive programmes. To learn more on the incentives, visit here.
What happens if I decide to sell my building?
In the event where you sell your building, the system can be novated. That means your agreement can be transferred over to the new owner, subject to authority approval. In the rare occasion where the new tenant does not want to keep the system.
What happens to our agreement if the grid price fluctuate?
According to our in-house research, electricity bill has been increasing by 3-4% on average per year. Therefore, it is recommended to install a solar energy system with a fixed solar tariff rate that is mutually agreed. This acts as a hedge to grid price fluctuation.
For example, Utility bills under Tariff C2 has shown an increasing trend of 4% per year.
What is the simple payback period for a Solar PV system?
Depending on the size of the system and rooftop, the payback period can be different, ranging from 3-5 years including the Government incentive programs. Check out our impact calculator to find out your estimated payback period.
What is the type of warranty for Solar Energy System?
Every part in a Solar panels system carries a different period of warranty. Here’s an overview of the product warranty list.
| Solar Energy System items | Warranty period |
| Solar Panels | 12 years |
| Solar Energy Output | 25 years |
| Solar Inverter | 5 years but extendable to 10, 15 and 20 years |
| Balance of System | 2 years |
| Operating and Maintenance | Up to 4 years |
| Mounting Structure | 10 years |
If you would like to find out more about solar financially, do talk to our business development managers and we will be more than happy to answer any clarifications that you have.
