For Business Owners
Solartech’s solar power solutions provide businesses with a hassle-free way to cut electricity costs and seamless integration, to ensure long-term energy savings and efficiency.
By tapping into solar energy, commercial and industrial facilities can cut electricity costs while promoting sustainability.
With Malaysia’s abundant sunlight and supportive policies like Net Energy Metering (NEM), Self-Consumption (SELCO) and Green Income Tax Allowance (GITA), solar is now a smart and cost-effective investment.
The NEM NOVA (Net Offset Virtual Aggregation) program helps businesses maximize solar energy by prioritizing self-consumption while allowing excess energy to be exported to the grid at Average System Marginal Price (SMP) or shared with wholly-owned subsidiaries. Designed for the commercial and industrial sectors, NOVA promotes renewable energy adoption and helps manage business expenses through solar PV installation.
Excess energy generated can be exported under two categories:
A Self-Consumption (SELCO) solar PV system ensures that all solar energy generated, is fully utilized on-site, without exporting excess power to the grid. Surplus energy can be stored in batteries for use during night time or low sunlight conditions.
Commercial and industrial users can maximize solar energy usage without the 85% capacity cap.
Solar panels can be installed on rooftops, ground-mounted, or floating on water within the premises.
Store excess energy for later use, ensuring a stable power supply and backup during outages.
Protect your business from rising TNB tariffs and increasing electricity costs.
Investing in Solartech’s solar PV system allows businesses to benefit from the Green Investment Tax Allowance (GITA), a Malaysian government incentive designed to support green technology adoption.
For example, if Company ABC invests RM400,000 in a solar PV system and has RM1,000,000 in taxable income, the tax savings are:
Without GITA: RM1,000,000 x 24% = RM240,000 (tax payable)
With GITA: RM600,000 (taxable income after deduction) x 24% = RM144,000 (tax payable)
Total Savings: RM240,000 – RM144,000 = RM96,000
Solartech helps businesses maximize their tax savings through Capital Allowance (CA), a tax incentive designed for Sdn Bhd & Bhd companies investing in solar PV systems. By purchasing our solar system outright, you can immediately deduct a significant portion of your investment from taxable income in the first year, while lowering energy costs and ensuring long-term sustainability.
Initial Allowance (IA): Deduct 20% of the system cost in the first year.
Annual Allowance (AA): Deduct 14% annually for six years until the full 100% cost is claimed.
Eligible Assets: Solar PV systems qualify as “Plant & Machinery”, making them eligible for CA.
In a nutshell, you can receive a double tax deduction on the money spent on solar installation. The tax savings are as follows:
Therefore, considering both GITA and CA incentives, Company X’s final total savings in the first tax year of their solar installation would be:
RM96,000 (24% GITA) + RM32,640 (Initial Allowance + Annual Allowance) = RM128,640
In other words, Company X has already saved 32% of the total cost of their solar installation cost in the first tax year, with the remaining 16% to be saved over the next 5 tax years.
A Solar Photovoltaic (PV) system is a renewable energy technology that converts sunlight directly into electricity using solar panels composed of semiconductor materials.
The eligible or recommended installation type for NEM NOVA is a roof-mounted installation on the buildings situated within the designated premises.
A Designated Premise refers to a premise used or operated by the NOVA Consumer’s wholly owned subsidiary.
NEM application requirements:
Information:
Documents:
The NEM NOVA program does not offer cash-out arrangements for excess energy that is generated but not consumed at the installation site. Unused energy typically results from operational limitations or seasonal fluctuations in load demand. However, businesses can transfer excess energy through the Supply System based on the specified category guidelines.
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