The average 10kW solar system costs RM 28,000–RM 38,000 in Malaysia. That is a significant upfront outlay — but you do not have to pay it all at once. In 2026, Malaysian homeowners and businesses have more solar financing options than ever: green loans from major banks, 0% interest credit card instalments, and even s of up to RM 50,000. This guide breaks down every option side-by-side so you can choose the cheapest path to solar.
Why Solar Financing Makes Sense in 2026
Going solar is fundamentally an investment, not an expense. A well-financed 10kW system generates roughly RM 450–RM 600 in monthly savings on your TNB bill. When your monthly loan repayment is RM 350–RM 500, the solar system is essentially paying for itself from day one — a concept known as cash flow positive solar.
The key numbers to understand before comparing loans:
- System cost range: RM 18,000 (5kW) to RM 55,000 (20kW commercial)
- Average payback period: 4–7 years (shorter with financing if savings exceed repayments)
- Solar ATAP export rate: RM 0.218/kWh — adds passive income on top of savings
- Panel lifespan: 25 years (Tier 1 brands) — your "profit window" after payback
Use our solar savings calculator to model your exact monthly cash flow before choosing a financing plan.
Bank-by-Bank Solar Loan Comparison (2026)
We contacted each bank directly and cross-referenced their published green financing rates as of Q1 2026. Rates shown are indicative — your final rate depends on credit score, income, and property type.
| Bank | Product Name | Interest Rate (p.a.) | Max Tenure | Max Amount | Processing Fee | Special Feature |
|---|---|---|---|---|---|---|
| CIMB | CIMB Green Personal Financing-i | 3.88%–6.88% | 10 years | RM 150,000 | RM 200 or 1% | Shariah-compliant; preferential rate for CIMB salary crediting customers |
| Maybank | Maybank EzyCash / Personal Financing-i | 3.5%–7.5% | 10 years | RM 100,000 | Nil (online applications) | Maybank2u instant approval; lowest published headline rate among major banks |
| Public Bank | Public Bank Solar Panel Financing | 4.0%–5.5% | 7 years | RM 80,000 | RM 100 stamp duty only | Dedicated solar product with simplified documentation; fast 5-day approval |
| RHB | RHB Green Home Loan / Personal Financing-i | 4.25%–6.5% | 10 years | RM 100,000 | RM 150 | Can be bundled with RHB home loan for lower combined rate |
| Hong Leong | Hong Leong EasyPay Financing | 4.5%–7.0% | 7 years | RM 80,000 | 1% or RM 200 min | Available to non-salaried applicants (business owners) with rental income proof |
| AmBank | AmBank Personal Financing / AmGreen | 4.75%–8.0% | 10 years | RM 150,000 | 1% | Highest max amount; suitable for commercial solar up to 50kW |
Note: Rates quoted are effective annual rates for personal financing products. Home equity loan rates (charged on outstanding balance) are typically 0.5%–1.0% lower. Always confirm the latest rates directly with the bank before signing any agreement.
Which Bank Is Best for Solar Financing?
- Best headline rate: Maybank (3.5% for top-tier applicants) — ideal if you have a clean credit record and credit with Maybank
- Best for Shariah-compliant financing: CIMB Green Personal Financing-i — profit rates, not interest
- Fastest approval: Public Bank — dedicated solar product with a 5-day SLA
- Best for larger commercial systems: AmBank AmGreen — up to RM 150,000 covers 30kW–50kW commercial installs
- Best for existing home loan holders: RHB — bundle your solar loan with your existing RHB mortgage for preferential rates
0% Interest IPP Options: Credit Card Instalment Plans
If you prefer to avoid bank loans entirely, 0% Instalment Payment Plans (IPP) via credit card offer an interest-free path to solar — provided you have sufficient credit limit. This is one of the most underutilised solar financing tools in Malaysia.
How 0% IPP Works for Solar
Your solar installer charges the full system cost to your credit card. The bank converts this into equal monthly instalments over 12, 24, or 36 months at 0% interest. You pay nothing extra — the bank earns its margin from the Merchant Discount Rate (MDR) that the installer absorbs.
| Credit Card | Max IPP Tenure | Minimum Spend | Processing Fee |
|---|---|---|---|
| Maybank Visa/Mastercard | 36 months | RM 500 | Nil |
| CIMB Visa/Mastercard | 36 months | RM 500 | Nil |
| Public Bank Visa | 24 months | RM 500 | Nil |
| RHB Visa/Mastercard | 24 months | RM 500 | Nil |
| Hong Leong Mastercard | 24 months | RM 500 | Nil |
| AmBank Visa | 36 months | RM 500 | Nil |
0% IPP Practical Example
A 10kW system costs RM 32,000. Split over 36 months at 0%: RM 888.89/month. Your estimated monthly savings on TNB: RM 550–RM 700. Net out-of-pocket: RM 188–RM 339/month for 3 years, then free energy for 22+ years. No interest paid. No bank application required.
Important: Confirm with your solar installer that they participate in the IPP programme for your specific card. Trexon Energy accepts 0% IPP on all major Visa and Mastercard cards for systems above RM 10,000. See our available financing options for details.
Green Loan Malaysia: What It Is and Which Banks Offer It
A "green loan" is a standard bank loan with a preferential interest rate, reserved specifically for environmentally beneficial projects. Solar panel installation qualifies under the Bank Negara Malaysia (BNM) Value-Based Intermediation (VBI) framework, which incentivises banks to offer cheaper capital for ESG-aligned assets.
How Green Loans Differ from Regular Personal Loans
- Lower rates: Typically 0.5%–1.5% p.a. below the equivalent unsecured personal loan rate
- Longer tenure: Some green loans extend to 15 years vs the standard 10 years
- Dedicated underwriting: Loan officers assess the asset (solar system) as partial collateral, improving approval odds
- ESG reporting: Banks track the environmental impact — useful for businesses claiming Green Building Index (GBI) credits
Banks with Active Green Loan Products in 2026
- CIMB: CIMB Green Personal Financing-i and CIMB Green Home Financing — most comprehensive green loan suite among Malaysian banks
- Maybank: Maybank Green Home Financing — available as a top-up on existing Maybank mortgages; rate as low as BFR – 0.75%
- RHB: RHB Green Home Loan — launched Q3 2025, offers 3.48% p.a. effective rate for solar installation top-up on existing RHB home loans
- OCBC: OCBC Green Personal Loan — strong product for non-Bumiputera applicants; 4.0%–5.0% p.a. effective rate
- Bank Islam: Bank Islam Green Financing-i — Shariah-compliant green financing at competitive profit rates
Green loan programmes are evolving rapidly. Contact us and our financing team will match you with the best available product based on your bank relationship and credit profile.
Can You Use EPF (KWSP) for Solar Panels?
Many Malaysians ask whether they can withdraw from their EPF (KWSP) Account 2 to fund a solar installation. The honest answer: no — solar panels are not currently on KWSP's approved home improvement withdrawal list, so EPF Account 2 funds cannot be used to pay for a residential solar PV system.
Why a Green Bank Loan Is Usually Better Anyway
Even if EPF withdrawal were allowed, most financial advisors would steer you toward a green bank loan. Here is why:
- EPF earns ~5.5% p.a. tax-free with compounding. Pulling money out forfeits that return for life.
- Green bank loans cost 3.5–4.5% p.a. (Maybank, CIMB, RHB, Public Bank, BSN) — cheaper than the opportunity cost of depleting your retirement savings.
- Monthly instalments are usually offset by TNB bill savings. For a 12kW system in Selangor, the loan instalment of ~RM 497/month is covered by RM 550+/month in electricity savings.
- Your retirement fund keeps growing. You get solar today and preserve the compound interest working in your favour.
Trexon Energy is SEDA-registered and prepares all green loan paperwork for you. Combined with Solar ATAP export credits and 25-year panel warranties, a financed system typically pays for itself in 4–6 years.
Cash-flow positive strategy: Finance 100% of the system cost with a 7-year green bank loan. Your monthly instalment is usually less than your TNB bill savings plus Solar ATAP export credits — meaning the system generates positive cash flow from day one. Use our solar savings calculator to model this for your system size.
Solar ATAP Incentive: How It Interacts with Financing
The Solar ATAP programme exports your excess solar generation back to TNB at RM 0.218/kWh. This export income is guaranteed under a 10-year Feed-in Approval (FiA) contract — and it directly reduces the effective cost of any loan you take.
Financing + Solar ATAP: The Combined Cash Flow
Here is a worked example for a 12kW system in Selangor (monthly TNB bill: RM 600):
- System cost: RM 36,000
- Monthly loan repayment (7-year, 4.5% p.a.): RM 497
- Monthly TNB savings: RM 550
- Monthly Solar ATAP export income (estimated 200 kWh excess): RM 43.60
- Net monthly benefit: + RM 96.60 from day one
The system cash flows positive immediately. After 7 years when the loan is repaid, the full RM 593.60 in monthly savings and export income becomes pure profit for the remaining 18+ years of system life.
Before choosing a financing plan, it helps to understand exact equipment costs. Our solar panel price breakdown explains what drives system costs in Malaysia. Once you know your target system size, consult our complete pricing guide to compare all package tiers and find available packages for your budget.
Step-by-Step: How to Apply for Solar Financing in Malaysia
Step 1 — Get a Detailed Quotation
Before approaching any bank, you need a formal quotation from a registered solar installer. The quotation must include system specifications, brand names, total cost, and the installer's SEDA registration number. Lenders use this document to assess the loan.
Step 2 — Check Your Credit Score
Run a CCRIS and CTOS check before applying. Banks typically require a CTOS score above 650 for personal financing products. If your score is borderline, apply through a bank where you hold a savings or current account — internal customers get 0.5%–1.0% rate preference at most banks.
Step 3 — Prepare Your Documents
- MyKad (front and back)
- Latest 3 months payslips (salaried) or 2 years BE/B tax returns (self-employed)
- EPF statement (last 6 months) — used as income proof for the bank
- Bank statements (last 3 months)
- Solar installer quotation with SEDA registration number
- TNB bill (latest 3 months) — banks use this to verify savings projections
- Property title or tenancy agreement (some banks require this)
Step 4 — Submit to Multiple Banks Simultaneously
Hard credit inquiries reduce your CCRIS score marginally. Submit to 2–3 banks in the same 30-day window — credit bureaus treat multiple inquiries within 30 days as a single inquiry for personal financing. Compare offers before accepting any.
Step 5 — Evaluate the Offer: EIR vs Flat Rate
Banks sometimes advertise "flat rates" (e.g., 2.5% flat). The effective interest rate (EIR) on a flat-rate loan is approximately double — 2.5% flat equals roughly 4.9%–5.0% EIR. Always compare lenders on EIR or annual percentage rate (APR) to avoid deceptive comparisons.
Step 6 — Accept, Install, and Claim
Once your green loan is approved, your installer proceeds with installation. The bank disburses funds directly to the installer, and your monthly instalment begins once the system is commissioned — typically 4–8 weeks from approval.
Frequently Asked Questions: Solar Financing Malaysia
Can I get solar financing without a salary slip?
Yes. Self-employed applicants can use 2 years of BE/B income tax returns (Borang BE or B) as proof of income. Hong Leong and AmBank are particularly accommodating for business owners. Alternatively, if you own a property, a home equity loan secured against your property avoids income documentation requirements entirely.
What is the minimum income to qualify for a solar loan?
Most banks require a minimum gross monthly income of RM 2,500–RM 3,000 for personal financing. For a RM 30,000 loan over 7 years, your total monthly debt commitment (including new loan) must not exceed 60% of gross income under BNM's responsible lending guidelines (DSR limit).
Is CIMB solar financing Shariah-compliant?
Yes. CIMB offers the Green Personal Financing-i under an Tawarruq (commodity murabahah) structure. You pay a profit rate, not conventional interest. The product is certified by CIMB's Shariah Committee and complies with Bank Negara Malaysia's Shariah Advisory Council standards.
Can I combine with a bank loan for solar?
Yes, and this is often the optimal approach. Withdraw RM 20,000–RM 30,000 from as a deposit, then take a smaller bank loan for the balance. A smaller loan means lower monthly repayments, a lower DSR impact, and less total interest paid. This strategy typically reduces total financing cost by 30%–40%.
Does the Solar ATAP incentive affect my loan eligibility?
Not directly — banks assess loan eligibility based on existing income, not projected solar savings. However, some banks (notably RHB and CIMB) have begun accepting Solar ATAP export income projections as supplementary income evidence for green loan applications. This can improve your eligible loan amount by 5%–15%.
What happens if I sell my property before the loan is repaid?
The solar loan is typically an unsecured personal loan — it is not registered against the property title. You remain personally liable for the outstanding balance upon property sale. Most buyers factor the solar system into the property price, often at 70%–80% of its residual value. The increased property value usually more than offsets any outstanding loan balance.
Which Solar Financing Option Is Right for You?
Here is a quick decision framework based on your situation:
- You have,000: Withdraw up to RM 50,000. Zero cost of capital.
- You have a credit card with RM 30,000+ limit: Use 0% IPP over 24–36 months. No bank application needed.
- You are a CIMB or Maybank salary crediting customer: Apply for their green personal financing — you qualify for the lowest advertised rates.
- You want Shariah-compliant financing: CIMB Green Personal Financing-i or Bank Islam Green Financing-i.
- Your system costs above RM 60,000 (commercial): AmBank AmGreen or RHB bundled with home equity — highest loan amounts available.
- You want zero paperwork: Talk to us. Trexon's in-house financing team handles the bank liaison end-to-end.
Ready to Go Solar? Let Trexon Handle the Financing
Trexon Energy partners with all major Malaysian banks and credit card IPP programmes. Our financing coordinators will assess your income, credit profile, and to recommend the cheapest combination — at no advisory fee.
Start with our free solar savings calculator to see your estimated monthly savings, then browse our solar packages for a system sized to your roof and budget. When you are ready, visit our financing page to see current bank partner promotions or request a personalised financing plan.
Going solar in 2026 does not require a large upfront payment. With the right financing structure, your first solar bill saving can arrive before your first loan repayment does.