Expected ROI of rooftop solar storage project in Malaysia 2025

How has the Malaysian Budget 2025 impacted solar energy?

The Malaysian Budget 2025 has set the stage for significant growth in the renewable energy sector, particularly solar power. With a renewed commitment to transitioning towards clean energy, the government has extended several key initiatives that support the development of solar energy solutions across the country.

How will the NEM extension affect solar energy?

The demand for solar energy continues to grow, driven by the extension of the net energy metering (NEM) program until June 2025. This extension is a critical measure to encourage clean energy adoption among residential and industrial users, further propelling the nation's shift towards renewable power sources.

How can the government encourage the adoption of solar energy?

The government has introduced several initiatives to encourage the adoption of solar energy, such as the Net Energy Metering (NEM) scheme, which enables consumers to reduce their electricity expenses through solar power, and the Large Scale Solar (LSS) program, which supports the establishment of extensive solar farms.

Can a rooftop be used for solar panels?

Good news for homeowners! The Cream program lets you lease your rooftop for solar panel installation, allowing third-party developers to generate solar power while you enjoy passive income. If you’ve got an unused rooftop, now’s the perfect time to turn it into a source of extra income while contributing to a greener future.