Net Energy Metering (NEM)
Join the Solar Energy Revolution
We offer a comprehensive Solar Photovoltaic one-stop solution, with the objective of helping our customers to prioritise and manage energy costs through a strategic energy management system.
Whether the system is On-Grid, Off-Grid or Hybrid solar PV system, our esteem team of energy analysts, engineers and specialists will help you optimize your energy usage.
The Benefits
ENJOY DOUBLE TAX EXEMPTION
Incentive of 24% Investment Tax Allowance (ITA) from MIDA & 24% of Capital Allowance (CA).
TO REDUCE MAXIMUM DEMAND (MD) CHARGES
Save a lot of money in reducing the monthly MD charges (with energy management system and energy storage system)
TO REDUCE ELECTRICITY COST
Any excess energy generated will be exported to the utility grid and off set against one-to-one basis.
CONTRIBUTE TO CSR FOR SUSTAINABILITY DEVELOPMENT
Contribute to the reduction of CO2 emission by reducing carbon footprint and mitigating climate change.
Tax Incentive Application
Every green technology project from the year of assessment 2013 (not earlier than 25th October 2013) until the year of assessment 2023, will incur an Investment Tax Allowance (ITA) of 100% of qualifying capital expenditure. The allowance can be offset against 70% of statutory income in the year of assessment while any unutilized allowances are carried forward until they fully absorbed.
Capital allowance is claimable deductions from adjustment income for the cost of the solar installation, which falls under Schedule 3 of the income Tax Act 1967. Categorized under ‘Plant & Machinery’, solar PV system are deductible at 20% Initial Allowance (IA) for the first year and 14% Annual Allowance (AA) for subsequent years until the full amount is available.
