Solar Financing Malaysia 2026: Banks and Options Compared

Not sure which solar financing route suits you in Malaysia? Banks change their rates and terms often, and only some publish solar-specific products. This guide sets out the routes we can verify, shows what to check with every bank, and compares the monthly payment of the options against your expected saving, so you can walk into any bank fully informed.

If you have already narrowed it down to Maybank versus CIMB, read our Maybank vs CIMB solar loan comparison. This post covers the wider picture.

Solar Financing Options in Malaysia 2026: What We Can Confirm

We only publish terms we can verify. For every other bank, check the bank's current rate and terms on its own product page before you decide.

Rates, limits, fees and approval times differ by applicant and change often, so always confirm them with the bank in writing.

Bank-by-Bank: What to Ask and Who It May Suit

Maybank Solar PV Financing — A Longer Repayment Option

Maybank Solar PV Financing offers up to RM 100,000 over up to 10 years at a floating rate. A longer tenure lowers the monthly repayment, but a floating rate can change over time. Check the current rate, fees and eligibility on the Maybank Solar PV Financing page.

For a deep comparison with CIMB, see our Maybank vs CIMB solar loan guide.

CIMB — Ask Which Product Applies

CIMB's own page describes solar financing as an add-on to a home-purchase loan, not a standalone solar loan. Ask CIMB which product applies to your situation and check current terms with CIMB. See our CIMB solar loan guide.

RHB, Public Bank, Hong Leong and AmBank — Check the Bank's Own Page

We have no verified solar product terms for these banks. If you already bank with one of them, ask whether it has a solar or green product, and compare its written terms with the other routes. Existing-customer pricing, if any, is set by the bank.

Bank Islam and Bank Muamalat — Shariah-Compliant Options

For Shariah-compliant financing, ask Bank Islam, Bank Muamalat and the Islamic windows of other banks for their current terms. Our Bank Islam solar financing guide explains how the Islamic structures work and what to ask.

Monthly Payment Comparison: 0% Card Instalment vs Your Saving

The table shows the monthly payment of a 0% card instalment at Trexon checkout for an 8.06 kWp system at RM 21,999 (Solis inverter). The estimated saving, from the Trexon catalogue estimate for this system, is about RM 280 a month.

Tenures depend on your bank: Affin, AmBank, HSBC, RHB and Standard Chartered offer 3/6/12/24 months; Alliance, OCBC and UOB offer 6/12/24 months. The maximum is 24 months. Maybank 0% EPP is not available through Trexon. A longer bank loan would lower the monthly payment, but we cannot give a bank rate: get a written quote and compare the total cost. 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.

Other Financing Options You Should Know About

Why EPF Withdrawal Is Not an Option

A common misconception is that you can withdraw from EPF (KWSP) Account 2 to fund a solar installation. This is not currently allowed: solar panels are not on KWSP's approved home improvement withdrawal list, and Trexon does not offer EPF-funded solar.

Alternatives: a 0% card instalment, a green bank loan such as Maybank Solar PV Financing, or OKAPI rent-to-own.

Green Technology Financing Scheme (GTFS 5.0)

GTFS 5.0, run by MGTC, is a government guarantee scheme for companies. It guarantees 60–80% of the green-technology portion of a bank loan, with no interest rebate, and is open until 31 December 2026 or until the RM 1 billion allocation is used. It is for companies only, so homeowners are better served by the routes above.

OKAPI Rent-to-Own

OKAPI rent-to-own runs for 7 or 10 years, and you own the system at the end. Insurance and warranty are included, with maintenance cover as set out in your OKAPI agreement. You keep the SuRIA Home rebate, but there are no batteries on rent-to-own. Approval needs positive cashflow, and the monthly figure comes only from OKAPI, so we do not quote one.

Commercial and Industrial: Finance Lease

For commercial and industrial systems, Trexon offers a finance lease through Mitsubishi HC Capital at a rate set by the lender over 2–5 years. Commercial bookings are 20% of the system price, capped at RM20,000, credited in full to the system price.

Which Financing Route Should You Choose? A Decision Framework

• Want to avoid interest: use a 0% card instalment of up to 24 months, and check that the monthly payment fits your budget.
• Want a lower monthly payment: ask a bank for a written quote on a longer tenure, for example Maybank Solar PV Financing (up to RM 100,000, up to 10 years), and compare the total cost.
• Want Shariah-compliant financing: ask Bank Islam, Bank Muamalat and other Islamic banks for current terms.
• Business with a large system: compare the Mitsubishi HC Capital finance lease with a bank loan, and ask about GTFS 5.0.
• Prefer a monthly plan with insurance and warranty included: ask about OKAPI rent-to-own.

You may ask more than one bank for a quote and compare the written offers. Trexon can help you prepare the documents for your application.

Documents Required: Typical Across Banks

Requirements differ by bank. Prepare these documents before your first appointment and confirm the exact list with the bank:

• NRIC (MyKad), front and back
• Recent payslips (salaried) or business bank statements (self-employed)
• Recent bank statements showing salary crediting
• Latest BE tax return or EA form
• Quotation from a SEDA-registered solar installer. Trexon gives you a free quote
• For businesses: SSM registration, financial statements and recent business bank statements

FAQ: Solar Financing Malaysia 2026

Which bank has the cheapest solar loan in Malaysia in 2026?

We cannot name one, because we only verify Maybank Solar PV Financing and rates change often. The cheapest option depends on your income, credit profile and banking relationship, not just the headline rate. Get written quotes and compare the total cost.

Can I apply to multiple banks at the same time for a solar loan?

You can ask more than one bank for a quote. Each application may appear on your credit record, so ask the bank how it treats enquiries before you apply to several.

What is the maximum solar loan amount available in Malaysia?

It depends on the bank. Maybank Solar PV Financing goes up to RM 100,000. For other banks, check the bank's own product page. Business systems can use a finance lease or a GTFS-backed bank loan.

Does taking a solar loan affect my ability to get a home loan later?

It can. A solar loan adds to your monthly commitments, which banks consider when assessing a home loan. If you plan to apply for a home loan soon, discuss the timing with your bank or a financial adviser.

Can I use a solar loan for a commercial or industrial rooftop system?

Home financing products are designed for homeowners. For commercial or industrial premises, look at a finance lease through Mitsubishi HC Capital (rate set by the lender, 2–5 years), a business loan from your bank, or a GTFS 5.0-backed facility. Documentation and approval take longer for commercial facilities.

Ready to Compare Your Options?

Trexon can help you pick a route and prepare the documents for your application. Every route starts with a RM 2,000 booking; if you pay Trexon directly, the balance is paid 60% on Solar ATAP approval, 30% on material delivery and 10% on installation and commissioning.

WhatsApp our team now and share your system size and monthly bill for a personalised recommendation.

You can also run your own payback calculation on the Trexon Solar Calculator, or read our Maybank vs CIMB comparison if you have already shortlisted those two banks.