1. What is HLB SME Solar Financing?
It is a ﬁnancing package to assist Malaysian SMEs for Solar Photovoltaic (PV) system installation on business premises’ rooftops that will help in reducing the electricity bills by using solar energy as an alternative source of energy.
2. I do not know how many solar panels to install. Will I need to pay for an initial assessment?
No, there is no charges for initial assessment. The quotation for solar panels is usually based on your electricity bills (preferably for the past six months) of the business premise where you intend to install the solar panels. As such, providing the address of the physical premises (shop-lot / factory / warehouse) is suﬃcient for the initial assessment.
3. How much can I save by putting solar panels on my rooftop?
There is no “one-size-ﬁts-all” solution or cost savings. The ﬁnal cost savings is dependent on several factors such as the tariﬀ your property is billed under (either commercial tariffs or industrial tariﬀs), the size of your roof space and technical or regulatory limitations.
Typically, the cost savings would be at a minimum of 20% of the monthly energy consumption. However, if you are eligible for other incentives oﬀered by the government, your total cost savings could be more.