Wanna get FiT?

The Malaysian government Feed-in-Tariff (FiT) programme is the dawn of a new era for Malaysia in a move towards the greater use of renewable energy, an important step in the quest to reduce carbon emissions.

solar_energyFiT is an opportunity to earn passive income from solar electricity generated from photovoltaic (PV) panels installed on your rooftop. Basically, you get to sell your solar generated electricity back to the utility grid at a premium rate. You will be paid a guaranteed price for all the electricity you produce at your home for 21 years. You pay a slightly lower tariff for the electricity you consume, resulting in a net income situation.

A few residents are keen to install the PV arrays in their homes and are in the process of gathering more information to share with other residents in the hope that many more will become interested and thus get a good discount from the system suppliers like Ditrolic, ReFiT and ERS. There are loads of information at these links. There is also this handbook on FiT and for more news, rates and updates, visit the website of the Sustainable Energy Development Authority Malaysia (SEDA).

Stay tuned.

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