Solar Panel Financing in Malaysia: Instalment Plans and Green Loans

Three Ways to Pay for Solar

A home solar system costs RM15,000 to RM45,000. Not everyone wants to pay that at once. There are three common ways to pay.

1. Pay in Full

You pay the price on the quotation and own the system from the first day. Nothing is added to the price, so this is the cheapest way overall.

If you qualify for the SuRIA Home rebate, TNB pays it into your bank account after the system is commissioned.

2. Bank Financing

Several banks in Malaysia offer financing for solar installations, often called green financing. The bank pays the installer and you repay the bank each month.

What to look at:

• The profit or interest rate, and whether it is fixed
• The tenure, in years
• The total you repay, which is always more than the price
• Fees, and the charge for settling early

Rates and terms differ from bank to bank and change over time. Ask the bank for its current product sheet.

3. Instalment Plans

Some plans spread the price over a fixed number of months. Our financing partners offer instalment plans, including 0% plans, for some systems. Ask us what is available for the system you choose.

With a 0% plan you repay only the price. The monthly amount is the price divided by the number of months.

Compare the Instalment With the Saving

This is the sum that matters. Put the monthly instalment next to the monthly saving on your bill.

Take an 8 kW system that costs RM25,000 after the rebate. We estimate it saves RM400 to RM600 a month. At 0%, the instalment would be:

The table is arithmetic, not an offer. It shows that a short plan costs more each month than the system saves. You pay the difference from your pocket until the plan ends.

A longer plan brings the instalment closer to the saving. A loan with interest costs more than these figures at the same length.

After the last instalment, the whole saving is yours.

The Rebate and Your Financing

The SuRIA Home rebate is paid to you, not to the installer or the bank. It arrives after commissioning. You can use it to reduce what you owe, but do not count on it for the deposit.

Questions to Ask Before You Sign

1. What is the total I will repay?
2. Is the rate fixed for the whole tenure?
3. What does it cost to settle early?
4. Who do I pay, the bank or the installer?
5. What happens to the plan if I sell the house?
6. Is the warranty affected by how I pay?

Which Way Is Best?

Paying in full costs least. Financing makes sense when it lets you install before the rebate deadline, or when the instalment is close to what you save.

Whichever you choose, first check that solar suits your home. Our guide on whether solar is worth it helps with that, and the payback calculation shows the sum.

Ask About Financing for Your System

WhatsApp SolarKita with your TNB bill. We will tell you the system price and the financing our partners offer for it.