sun energy a salleable product

Many developed nation had introduced a feature to enable small consumers to sell electricity to the national grid. This will give some incomes as well as help the nation to reduce the burden on pollution.

Malaysia is following suit with the implementation of feed-in-tariff (FiT). The new meter will be able to measure the amount of power taken from the grid as well as the value sale to the grid.

It is expected that a consumer that produces 4 KW will be earning around rm400 per month. A normal house will need about 4 KW and the investment required is about RM60,000. The consumer will pay RM6000 and the rest will be born by the bank. The expected revenue is RM696 and the monthly payment about RM456 leaving about rm240 as profit.

These are main advantage of installing the system:

1. the solar energy will reduce the carbon footprint. Is important as the pollution is taking tolls on the eco-system. There is fear of global warming and rise of the seal level.

2. The panel itself will last a long time. The normal working life is about 20 years. The project would be financially viable and pay itself.

3. It is also beneficial for the utility company as it can be operating like a middle men buying the power from the consumers at a lower price and sell it at a profit.

Sun energy is a viable proposition. A product salleable at a profit and can be a long term investment.