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Returns On Home Solar PV Investment

Passive Income of RM696 per month (RM8,352 per annum) Under the proposed RE Act, the RE power system ( Solar PV, Biomass, Biogas, and Small-Hydro) can enjoy the feed-in tariff rate. The following is the returns illustration given by MBIPV as illustrated in its FAQ. One of the leading Newspaper quoted an example of Solar PV systems can earn RM696 a month from a 4KW solar installation.

The following is the supporting computation :

A 4 kWp Solar BIPV = RM60,000 (Cost of Capital Expenditure - Capex).

The Solar PV system can generate 400 kWh (yield per month) x 1.74 (FiT rate for 4 kW with BIPV) = RM696 per month (payment received from TNB)

Investment = 10% down payment + 90% bank loan at 6% for 15 years

= RM6,000 + [RM456(per month) x 15 years]

 

Key points:

Thus, with only RM6,000 initial investment, the person can create Passive Income (secondary income) of RM240 per month for 15 years, and RM696 per month for another 6 years.

Thus, the roof can provide a shelter and also a passive income to the owner, and off-set CO2 from fossil fuel (1kWh = 0.7kg CO2).

Further Elaboration :

100% self-funded Assuming that the total investment cost of RM60,000 is fully self funded. Base on earnings of RM696 per month ( equilavent to RM8,352 per annum), the total income earned over the next 21 years will be RM175,392. This is equivalent to Returns on Investment of approx. 14% per annum (RM175,392 / RM60,000) for the next 21 years.

 

DO YOU KNOW YOU WILL BE PAYING A 1% TARIFF ON YOUR ELECTRICITY BILL STARTING 1st DECEMBER 2011? 

 

 

The Star

Tuesday August 16, 2011  

Feed-in-tariff scheme launch on Dec 1 

PUTRAJAYA: The 1% feed-in-tariff (FiT) for the development of renewable energy will now be launched on Dec 1 instead of Sept 1.

http://thestar.com.my/news/story.asp?file=/2011/8/16/nation/9305882&sec=nation  

       

  

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