Solar can reduce your electricity bill; the numbers depend on your bill and roof. But how do you fund the upfront capital? Explore all options on our solar financing hub.
1. 0% Interest Credit Card Installment (EPP)
How it works: Pay by credit card at Trexon's checkout and split the cost into a 0% plan of up to 24 months (Affin, AmBank, HSBC, RHB, Standard Chartered: 3/6/12/24 months; Alliance, OCBC, UOB: 6/12/24 months). Example: a 7.44 kWp system at RM 17,999 for a home with a RM 500 monthly bill.
Monthly Cost: ~RM 750 over 24 months
Monthly Savings: ~RM 291 (our RP4 estimate, before AFA, RE Fund and service tax)
Net Cashflow: about -RM 459 a month for 24 months, then the full saving is yours.
2. Solar Green Loans (Personal Loan)
Maybank Solar PV Financing lends up to RM 100,000 over up to 10 years at a floating rate (Maybank's own illustration: SBR + 2.70%); check the current rate on Maybank's Solar PV Financing page. A longer tenure lowers the monthly commitment, and can bring it below your monthly saving. Compare lenders on our bank loan comparison page.
3. Cash Purchase
Pros: Maximize ROI (no interest).
Cons: High upfront cost.
Verdict: Suits those with idle cash in Fixed Deposits earning <3%. Otherwise, compare bank solar loans and check each bank's current terms.
