.
[Solar panels integrated into the building - Image courtesy of BIPV Inc.]
I caught this late (this was in the news on April 6, 2011) but it still is a good read and it should give anyone a heads up of what is in store for those willing to adopt things early.
To sum it up, it stated that, a typical residential house requires 4kW of power which costs RM60,000 to install.
Of this:
To sum it up, it stated that, a typical residential house requires 4kW of power which costs RM60,000 to install.
Of this:
- the consumers pays RM6,000 (10%), and
- loan from a bank of 90%
Monthly income generated: RM696.00
Monthly bank repayment : RM456.00
Thus, Net cash earned : RM240.00
Consider a 3.5% p.a. flat interest rate (as in motor vehicle hire purchase) and we are talking about repayment period of 15 years. Fifteen years may sound too long but we are not exactly forking out a single cent from our pocket. Instead, there is an income stream. The guaranteed feed-in period by the utility company is 21 years.
"Dear Sir, because you deserve it we've committed ourself to credit into your bank account an amount of RM240 per month for the first fifteen years, and RM696 per month for the next six years. Thereafter, we shall leave it entirely to you to do anything you see fit to the equipment and fittings related to the generation of electricity installed at your home." Yours truly, SESB.
How does that sound? Aha, that's just rang a bell in you hasn't it - something that's too good to be true must have a catch somewhere. That's for our next discussion.
For me, I'm going nuts in excitement but the residence I'm currently living in is not exactly mine and there is nothing much to pursue. Will definitely chase this goose once mine is ready in the near future.
Monthly bank repayment : RM456.00
Thus, Net cash earned : RM240.00
Consider a 3.5% p.a. flat interest rate (as in motor vehicle hire purchase) and we are talking about repayment period of 15 years. Fifteen years may sound too long but we are not exactly forking out a single cent from our pocket. Instead, there is an income stream. The guaranteed feed-in period by the utility company is 21 years.
"Dear Sir, because you deserve it we've committed ourself to credit into your bank account an amount of RM240 per month for the first fifteen years, and RM696 per month for the next six years. Thereafter, we shall leave it entirely to you to do anything you see fit to the equipment and fittings related to the generation of electricity installed at your home." Yours truly, SESB.
How does that sound? Aha, that's just rang a bell in you hasn't it - something that's too good to be true must have a catch somewhere. That's for our next discussion.
For me, I'm going nuts in excitement but the residence I'm currently living in is not exactly mine and there is nothing much to pursue. Will definitely chase this goose once mine is ready in the near future.
Install a 6kW BIPV and generate RM1,000 per month. I can live with that.
Read the Online news here. But if you hate site hopping, here is the excerp:
PETALING JAYA: A renewable energy fund will be established to finance the higher rates that Tenaga Nasional Bhd (TNB) will be paying for renewable energy that will be sold into the electricity grid. This is according to information provided to industry players by the Energy, Green Technology and Water Ministry.
The soon-to-be-passed Renewable Energy (RE) Act 2010, which has already been passed by the Dewan Rakyat this week, will enable individuals and companies to sell electricity generated from renewable resources to TNB. The Act will facilitate a feed-in-tariff (FiT) mechanism whereby higher rates will be paid for renewable energy.
It is learnt that under the FiT, TNB will pay between 23 sen and 123 sen per kWh, depending on the type of RE power generated. (The current rate TNB pays traditional power producers is 21 sen per kWh.)
It is also learnt that the fund will be established and administered by Sustainable Energy Development Authority (Seda) to manage the FiT mechanism. The Government would have to subsidise the cost to TNB, either directly via subsidies or via the RM1.5bil Green Technology Fund,” he said, adding that in any case, the implementation of FiT would be neutral to TNB.
Not to be confused with the renewable energy fund being set up by the RE Act, the Green Technology Fund is a RM1.5bil fund that the Government set up last year as a funding scheme to encourage companies, especially in the energy, water and waste management industries, to use green technology.
However, he said, the entry level for solar photovoltaic (PV) could be very high.
“Some RM3.5mil to RM4.5mil investment would be needed to produce 1MW of solar electricity,” Eng said, adding that there were other challenges, such as land, to produce RE.
A normal house needs 4KW while the capital required is about RM60,000. However, with FiT, consumers need to pay only 10%, or RM6,000, while the rest will be borne as a loan from a bank. The monthly income generated from the 4KW will be RM696 and the monthly repayment is RM456 to the bank, thus earning consumers a net cash of RM240 per month,” Ahmad said.
4 comments:
If this is possible, a bank loan? Then perhaps many people will apply for it, including me...ehhe
Bro gunsirit, the govt will start accepting applications in Q3 of this year. There's no harm queuing, I guess.
what about the cost of storage batteries,which need renewal after sometime and will cost a bomb too.
Storage batteries would cost about one third of a self-sufficient solar power system.
In this FiT case however, storage batteries would not be a required component of the system as the consumer would still be using power from TNB/SESB. Whatever is generated from the solar PV will be fed-back to TNB grid and sold at premium rate. That's how one can generate revenue.
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