The Net Energy Metering (NEM) scheme has been instrumental in promoting solar energy adoption in Malaysia. Since its inception in 2016, the program has evolved significantly, with NEM 3.0 currently in effect from 2021 to 2024. This article will guide you through the various aspects of NEM 3.0 and how you can benefit from it.
NEM 3.0 is the latest iteration of Malaysia's Net Energy Metering scheme. It allows electricity consumers to install solar photovoltaic (PV) systems on their premises and use the generated energy to offset their electricity bills. Any excess energy produced is exported to the grid and credited at a 1:1 offset ratio, making it a highly attractive option for homeowners, businesses, and government entities.
Homeowners participating in the NEM Rakyat program can now receive up to RM4,000 in rebates under the SolaRIS program, launched in April 2024. This initiative aims to reduce the upfront cost of solar PV system installation for residential consumers, making it more accessible and appealing. Interested participants need to meet specific eligibility criteria, including quota availability and technical requirements, to qualify for the rebate. This additional financial support, combined with potential savings on electricity bills, further enhances the attractiveness of adopting solar energy at home.
The NEM scheme was initially launched in 2016 with a quota of 500MW until 2020. Due to high demand, NEM 2.0 was introduced in 2019, fully subscribing its 500MW allocation by the end of 2020. This paved the way for NEM 3.0, which started in 2021 with a total allocation of 1,550MW across the three key programs mentioned above.
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