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Spread a commercial or industrial solar system over 2 to 5 years, financed by Mitsubishi HC Capital (rates set by the lender). You own the system at the end of the term, so the capital allowance and GITA stay with you.
Trexon does not offer solar hire purchase for homes.
Hire purchase is for commercial and industrial sites only. For a home, the options are an outright purchase — our smallest system is 5.58 kWp at RM15,999 — or a green loan from a bank.
Not sure if hire purchase is right for you? Compare it to rent-to-own, PPA, and hire purchase below.
What Is Solar Hire Purchase?
At Trexon, solar financing is hire purchase for commercial and industrial sites through Mitsubishi HC Capital: the financier finances the system Trexon installs on your premises, you pay a fixed monthly instalment over 2-5 years, and the system is yours at the end of the term. Residential hire purchase is not offered.
Hire purchase is different from an operating lease or a PPA, where the provider keeps the system. For homeowners who want ownership with a fixed monthly payment, consider rent-to-own or hire purchase instead.
The trade-off: during the term your hire-purchase instalment is usually higher than the bill saving, because you are paying for the system itself. Once the term ends, the full saving is yours.
How Solar Hire Purchase Works
Four straightforward steps from enquiry to saving money on your electricity bill.
Site Assessment
We assess your rooftop, TNB bill, and consumption pattern to design a system sized for your needs and determine your hire-purchase rate.
Hire-Purchase Agreement Signed
Review and sign the hire-purchase agreement outlining monthly payments, term duration, maintenance responsibilities, and end-of-term options.
System Installed & Connected
Trexon installs the solar system and connects it to the grid for self-consumption. On-site installation time depends on the system size.
Pay Instalments, Save on TNB
Monthly hire-purchase instalments begin, and your TNB bill drops once the system is commissioned. During the term the instalment is usually higher than the saving; after it ends, the saving is yours.
How Hire-Purchase Pricing Is Set
Rates and monthly instalments are set by the lender, Mitsubishi HC Capital, at credit approval. They depend on the amount financed, the term (2-5 years) and your company's credit assessment, so we quote them per project rather than publish a table.
Hire-purchase rates are usually quoted flat, so ask for the total amount payable as well as the rate. We put the financier's full terms in front of you before you sign.
*Bill savings depend on consumption, shading and orientation, and are modelled separately for your site.
Hire Purchase vs Rent-to-Own vs PPA vs Buy
| Feature | Hire Purchase | Rent-to-Own | PPA (third-party, not offered by Trexon) | Buy (Cash/Loan) |
|---|---|---|---|---|
| Upfront Cost | Per hire-purchase agreement | RM2,000 booking | Set by the provider | Booking, then balance or loan |
| Monthly Payment | Fixed hire-purchase instalment | Fixed, quoted by OKAPI | Per-kWh rate | Loan instalment or none |
| Ownership at End | Yours at end of term | Transfers to you | Provider keeps system | Yours from start |
| Maintenance | Owner (Trexon warranties apply) | Per OKAPI agreement | Per PPA agreement | Owner (Trexon warranties apply) |
| Long-term Value | Asset ownership gained | Asset ownership gained | No asset gained | Full asset ownership |
| Best For | Companies spreading capex | Homeowners wanting ownership with a fixed monthly | Usage-based billing (third-party) | Maximise long-term ROI |
| Typical Term | 2-5 years (hire purchase) | 7 or 10 years (OKAPI) | Set by the provider | Loan tenure set by your bank |
Benefits of Solar Hire Purchase
Hire purchase spreads the cost of a commercial solar system over a fixed term, and the system is yours at the end.
Spread the Capex
Pay for the system over 2-5 years instead of upfront, preserving working capital.
You Own the System
Under hire purchase the system is yours at the end of the term, with no balloon payment or buyout to negotiate.
Savings Grow After the Term
During the term the hire-purchase instalment is usually higher than the bill saving; once it ends, the full saving stays with you.
Fixed Terms
2-5 year terms with Mitsubishi HC Capital; the final rate is set at credit approval.
Trexon Warranties
30-year panel performance, 10-year inverter and 5-year workmanship warranties, the same as on a cash purchase.
One Point of Contact
Trexon designs, installs and commissions the system, and prepares the system documents the financier needs.
Frequently Asked Questions
What is solar hire purchase and how is it different from buying?
Our offer is hire purchase for commercial and industrial sites. You spread the cost of the system over 2 to 5 years through Mitsubishi HC Capital, and the system is yours at the end of the term. It is not a rental: you are buying the asset over time, which is why the capital allowance and GITA remain yours to claim. The difference from paying cash is timing, not ownership.
Is solar hire purchase the same as rent-to-own?
They end in the same place — you owning the system — but they are not the same product. This hire purchase is for commercial and industrial sites only. Trexon does offer rent-to-own for homes, placed through Okapi Technologies on a 7 or 10 year term; see our rent-to-own page for how that works and its cashflow-positive requirement.
Who handles maintenance and repairs under the hire purchase?
The hire purchase is a financing arrangement, not a service contract — the financier finances the equipment and does not maintain it. Maintenance, workmanship and performance sit with your Trexon warranty exactly as they would on a cash purchase, because you are the owner of the system. Ask us for the warranty schedule in writing alongside the lease quote.
Do I own the system at the end of the hire purchase?
There is nothing to buy — you already own it. Under hire purchase the asset is yours once the term completes, with no balloon payment or fair-market-value buyout to negotiate. That is the main reason a business would choose this over a PPA, where the system never becomes yours.
What happens if I sell the property or move during the hire purchase?
The hire-purchase agreement is between Mitsubishi HC Capital and your company, not the building, so selling or vacating the premises does not end the obligation by itself. Assignment and early settlement terms are set in the lease agreement — ask us to get those specific clauses in writing from the lessor before you sign, and we will put them in front of you rather than summarise them.
Are solar hire-purchase instalments lower than the electricity bill savings?
Usually no, and it is worth being straight about that. Over a 2-5 year hire-purchase term you are buying the system outright in that time, so the monthly payment is normally higher than the monthly saving during the term. A PPA is the option that is cashflow-positive from day one, because you never own the asset. The trade with a lease is the other way round: you carry a higher cost for 2-5 years, then own a system that keeps generating for twenty more with no payment against it, and you claim the capital allowance and GITA yourself. Ask us to model both against your own bill before you choose.
Start Saving on Your Electricity Bill Today
Use our calculator to see how much you can save with solar — then choose the financing model that works best for you.
Other Financing Options
Rent-to-Own
For homes: OKAPI rent-to-own, 7 or 10 years, starting with the RM2,000 booking; you own the system at the end
Power Purchase Agreement (PPA)
Third-party model: pay per kWh to a provider who owns the system. Trexon does not offer PPA.
Hire Purchase
Ask your bank: fixed monthly instalments, and you own the system at the end
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