Energy Ministry Launches Solar BOLEH! Programme To Boost Solar Energy Adoption Among Malaysians

Alex Cheong Pui Yin

7th May 2024 - 3 min read

The Ministry of Energy Transition and Water Transformation (PETRA) has launched the Solar BOLEH! Programme to incentivise and enable more Malaysians to install solar panels at home affordably. This is done in collaboration with three partners, namely AEON Group, Bank Simpanan Nasional, and SOLS Energy.

Through this programme, Malaysians will be able to easily access solar installation subscriptions at AEON branches across country, while enjoying a variety of perks from the partners. For instance, AEON customers will earn double rewards points when they sign up for solar installation subscriptions, whereas Bank Simpanan Nasional offers a solar financing scheme with special rates exclusively for government servants who install solar panels through the campaign.

Meanwhile, SOLS Energy will be providing solar subscriptions without installation costs for the campaign, thereby removing any hefty upfront costs for consumers and making it an affordable process for them.

According to Deputy Prime Minister Datuk Seri Fadillah Yusof – who is also the minister of PETRA – the new programme is specifically designed to expand domestic users’ access to solar installation schemes and available financing facilities in the market.

“In the past, residential solar installations were typically done by those who could afford it because the cost was relatively high, but with the Solar BOLEH! Programme, we believe more people will respond to the call to support the energy transition agenda,” said Datuk Seri Fadillah, adding that this new programme will also complement the Solar for Rakyat Incentive Scheme (SolaRIS).

For context, the SolaRIS initiative – which was launched in March this year – offers added perks in the form of a RM1,000/kWac (kilowatt alternating current) rebate for individuals who apply to participate in the New Energy Metering (NEM) programme for the first time. The rebate offered is capped at a maximum of RM4,000 per individual.

Moving forward, Datuk Seri Fadillah said that his ministry will continue to implement efforts and initiatives to reduce carbon footprint in the electricity supply sector. These include fostering closer collaboration with the private sector.

“In addition to continued commercial and utility-scale renewable energy generation, emphasis is given to increasing solar generation capacity, and efforts to further expand solar photovoltaic (PV) system installations for the domestic segment. This is particularly achieved by leveraging rooftop spaces on building premises and residences for solar power generation,” the minister further said.

If you’re interested in checking out the Solar BOLEH! Programme, you can head on over to its official website here, where you can sign up for free consultation.

(Source: The Edge Malaysia)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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