If you’re considering investing in and installing a solar panel system for your home or business, it’s now the perfect time to do so!
Why? Well, it’s because the tariff rates for electricity prices in Malaysia has not increased in the past 7 years, and many experts are predicting that it will increase further soon.
For example, the tariff rate for the 300kwH tariff was RM40.20 sen/kWh in 2011. In 2014, it has increased to RM51.60 sen/kWH. That’s a whopping 28% increase in price! It should also be noted that this is an increase for basic residential tariffs. The tariff and price increase for commercial and industrial energy usage would be much higher!
In this article, we’ll outline the different ways solar panels are effective in reducing TNB bill of your place and where to find the best solar PV service provider in Malaysia!
Solar photovoltaic panels can generate energy from the sun that converts into electricity, which you can use to power your appliances or any devices that need electricity.
In other words, solar PV panels are a great investment in the long run because you’re able to generate your own electricity to offset your electricity usage and monthly bill.
From there, you will no longer be dependent on the electricity coming from TNB, therefore protecting yourself against the continuous rise of electricity rates!
While there might be some days where you might still need to draw electricity from the TNB grid, it will still be at the much lower and cheaper rate, saving you a significant amount of money!
Of course, the amount that you can save will depend on your average electricity usage and the size of your system. Remember, the larger your solar system is, the more energy from the sun it generates; and, the more generated energy to convert into electricity, the more electricity you can use within your home or your business.
One other thing about solar PV is that you are able to “sell” the energy back to the grid if it has generated more energy than what your home or business needs!
In this case, while you’re having a chance to lower your electricity bill, you’re also getting a chance to earn profit. Hence, it will be a win-win situation on your part.
How? By changing the way you use electricity. You can start off by switching off appliances and lights that are not in use. You can also change your lighting fixtures to compact florescent bulbs since it uses less energy, helping you save more on electricity expenses.
Do you know that air conditioning systems usually consume the most energy in your entire household? You may want to think about opening your curtains to cool your home or find different ways to amp up the ventilation so that you’ll be less reliant on your air conditioner!
Dirt and other substances can affect how your appliances work. Regular clean up ensures that your appliances continue to work at its best possible shape and most efficient.
Although you may think that your appliances have been switched off, there are some appliances that continue to draw electricity. Unplugging appliances helps you avoid unnecessary power drain.
Be wise in picking your appliances the next time you go shopping. Choose appliances designed to utilize less electricity. This includes installing solar PVs to be able to generate your own electricity.
With our extensive years of expertise in both residential, commercial and large scale solar programmes, Next Energy is a trusted authority in solar panel installations and is the preferred solar PV service provider in Malaysia for both buying and leasing solar panels.
Drop us a message if you would like a consultation on reducing TNB bill, install your solar panels and how to receive benefits in terms of warranties, permits or even apply for tax incentives for your solar panel system investment at home.
Singapore