Solar Financing Malaysia 2026: Bank-by-Bank Comparison | 0% IPP Available

Trexon's 7.44 kWp system (the size our engine matches to a RM 500 bill) costs RM 20,999 with a Solis inverter. That is a significant upfront outlay — but you do not have to pay it all at once. In 2026, Malaysian homeowners can use 0% credit card instalments, bank solar financing or rent-to-own, and businesses can use a finance lease. This guide explains each option and what to check before you sign, so you can compare the options before you sign.

Why Solar Financing Makes Sense in 2026

Going solar is fundamentally an investment, not an expense. On our RP4 estimate, a 7.44 kWp system on a RM 500 monthly bill saves about RM 292 a month. If your monthly repayment is lower than your saving, the system pays for itself from the first bill — a concept known as cash flow positive solar.

The key numbers to understand before comparing financing:

• System cost range: RM 19,499 (5.58 kWp) to RM 40,999 (19.84 kWp) with a Solis inverter; commercial RM 2,400/kWp before SST
• Typical payback: about 5.8–8.8 years for homes with RM 300–RM 600 bills, before financing costs
• Solar ATAP export credit: RM 0.2703/kWh (the Energy Charge), forfeited if unused at the end of each billing period
• Panel warranty: 30-year performance and 12-year product (Jinko N-type) — 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)

Bank rates, limits and fees change often and depend on your credit profile, so we do not publish rates we cannot verify. This is what we can confirm, and what to check with each bank.

Note: Ask every bank for the effective annual rate and the total amount payable over the tenure. Always confirm the latest terms directly with the bank before signing any agreement.

Which Bank Should You Choose for Solar Financing?

• Published solar product: Maybank Solar PV Financing — up to RM 100,000 over up to 10 years at a floating rate
• Shariah-compliant financing: ask Islamic banks such as Bank Islam for their current solar or green financing-i terms
• Existing home loan holders: ask your mortgage bank whether solar can be added to your home financing
• Businesses: Trexon's commercial customers can use a finance lease through Mitsubishi HC Capital Malaysia (rate set by the lender, 2–5 years, you own the system)
• No bank application: a 0% card instalment at Trexon's checkout, if your credit limit allows

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.

How 0% IPP Works for Solar

You pay at Trexon's checkout with your credit card and choose an instalment plan. The bank converts the amount into equal monthly instalments at 0% interest. Every route starts with the RM 2,000 booking fee.

0% IPP Practical Example

A 7.44 kWp system costs RM 20,999. Split over 24 months at 0%: about RM 875/month. Estimated monthly saving on a RM 500 bill: about RM 292. Net out-of-pocket: about RM 583/month for 2 years, then the full saving is yours. No interest paid. No bank loan application required.

Important: Maybank's 0% EPP for solar runs only through its named partner installers, and Trexon is not one of them. At Trexon, 0% plans of up to 24 months are available with the banks listed above. See our available financing options for details.

Green Loan Malaysia: What It Is and Which Banks Offer It

A "green loan" is bank financing intended for environmentally beneficial assets such as solar. Terms are set by each bank; some products are simply personal financing used for solar.

What to Compare

• Rate type: fixed or floating, flat or effective
• Tenure: a longer tenure lowers the instalment but raises total interest
• Security: whether the financing is unsecured or tied to your home loan
• Fees: processing fees, stamp duty and early settlement charges

Banks with Green or Solar Financing in 2026

• Maybank: Maybank Solar PV Financing — up to RM 100,000, up to 10 years, floating rate
• CIMB: check CIMB's current solar or green home financing terms
• RHB: check RHB's current green financing terms
• OCBC: check OCBC's current personal or green financing terms
• Bank Islam: check Bank Islam's current Shariah-compliant financing terms

For companies, the Green Technology Financing Scheme (GTFS 5.0, administered by MGTC) provides a 60–80% government guarantee on the green-technology portion of a bank loan; it does not cover homeowners.

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.

The Routes You Can Use Instead

Trexon does not offer EPF-funded solar. The routes are outright purchase, 0% card instalments (up to 24 months), a loan from your own bank and OKAPI rent-to-own; each starts with the RM 2,000 booking fee. On our estimate a RM 500 bill with a 7.44 kWp system saves about RM 292 a month, which helps cover an instalment.

Trexon Energy is SEDA-registered and provides the quotation and documents your bank needs. On our RP4 estimate, homes with RM 300–RM 600 bills pay back the system in about 5.8–8.8 years before financing costs.

Cash-flow positive strategy: Choose a tenure whose monthly instalment is lower than your estimated saving. Then the system generates positive cash flow from the first bill. Use our solar savings calculator to model this for your system size.

Solar ATAP Incentive: How It Interacts with Financing

The Solar ATAP programme credits your excess solar generation at the TNB Energy Charge, RM 0.2703/kWh, for up to 10 years. Unused credit is forfeited at the end of each billing period, so it reduces your bill but never becomes cash.

Financing + Solar ATAP: The Combined Cash Flow

Here is a worked example for a 7.44 kWp system (monthly TNB bill: RM 500):

• System cost: RM 20,999 (Solis inverter)
• 0% card instalment over 24 months: about RM 875/month
• Estimated monthly saving, including export credit: about RM 292
• Estimated new bill: about RM 208
• Net: about −RM 583/month for 24 months, then about +RM 292/month

Estimate on the RP4 domestic tariff (from 1 Jul 2025), before AFA, the 1.6% RE Fund and service tax; 3.5 sun-hours a day; about 40% of solar used at home and the rest exported and credited at the 27.03 sen Energy Charge (capped at what you import) for 10 years under Solar ATAP; no tariff increases. Your bill and roof will change the figures.

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 Report

Run a CCRIS and CTOS check before applying, and settle any overdue accounts first. Ask your own bank about its terms; existing customers sometimes get better offers.

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 — Compare Offers Before You Apply

Each application triggers a credit check. Compare published terms first, then apply to the bank whose offer suits you.

Step 5 — Evaluate the Offer: EIR vs Flat Rate

Banks sometimes advertise "flat rates". The effective interest rate (EIR) on a flat-rate loan is roughly double the flat rate. Always compare lenders on EIR or annual percentage rate (APR) to avoid misleading comparisons.

Step 6 — Accept, Install, and Pay in Stages

After the RM 2,000 booking fee, Trexon's balance is paid in three stages: 60% on Solar ATAP approval, 30% on material delivery and 10% on installation complete. Ask your bank whether it can disburse in line with these stages. From booking to TNB commissioning typically takes 6–10 weeks.

Frequently Asked Questions: Solar Financing Malaysia

Can I get solar financing without a salary slip?

Often, yes. Self-employed applicants can usually use BE/B income tax returns and business bank statements as proof of income; requirements differ by bank. A 0% card instalment needs no loan application, only enough credit limit.

What is the minimum income to qualify for a solar loan?

Each bank sets its own minimum income and debt service ratio limit. Check the eligibility section of the bank's product page before you apply.

Is Islamic solar financing available?

Ask Islamic banks such as Bank Islam, and the Islamic arms of conventional banks, for their current solar or green financing-i products, the Shariah structure used and the profit rate.

Can I combine cash with a bank loan for solar?

Yes, and this is often a sensible approach. Pay part of the price in cash, then finance the balance. A smaller loan means lower monthly repayments and less total interest paid.

Does the Solar ATAP incentive affect my loan eligibility?

Banks assess eligibility on your income and commitments. Ask your bank whether it considers projected solar savings; do not assume it will.

What happens if I sell my property before the loan is repaid?

If the financing is an unsecured personal loan, it is not registered against the property title, and you remain personally liable for the outstanding balance after the sale. Check your loan agreement.

Which Solar Financing Option Is Right for You?

Here is a quick decision framework based on your situation:

• Your credit card limit covers the system: Use a 0% instalment of up to 24 months. No bank loan application needed.
• You want a lower monthly payment: Compare bank solar financing with a longer tenure, such as Maybank Solar PV Financing (up to 10 years).
• You want Shariah-compliant financing: Ask Islamic banks for their current financing-i terms.
• You are a business: Ask about the Mitsubishi HC Capital finance lease, or GTFS 5.0-backed bank financing for companies.
• You want help: Talk to us. We provide the quotation and documents your bank needs.

Ready to Go Solar? Let Trexon Help with the Financing

Trexon Energy offers 0% card instalments at checkout, and provides the documents banks ask for. Every route starts with the RM 2,000 booking fee.

Start with our 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 compare the options.

Going solar in 2026 does not require paying the full price upfront. With the right financing structure, your monthly saving can cover much of your repayment.