Features & Benefits
With production and operational costs on the rise, businesses are now seeking ways to be more cost-efficient and exploring avenues that give significant savings while maintaining optimum productivity. You can now reduce electricity consumption and saving on energy bills by adopting the eco-friendly usage of solar panels.
Invest in solar power with HLB SME Solar Financing!
Cost Savings
Save on your company’s electricity bills.
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Flexible Financing
Financing of up to RM10 million.
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Sustainable Energy
Save the environment by reducing your carbon footprint.
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- Sole Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company (Sdn Bhd) that are classified as SME under Bank Negara Malaysia definition.
- Business has been in operation for ≥ 3 years or key person has experience in the same business for ≥ 3 years.
- Annual Sales turnover of RM500,000 and above.
- Solar Service Provider must be a Registered PV Service Provider approved by SEDA Malaysia
Note: Subject to the credit assessment and final approved financing granted is up to the Bank's discretion
1. What is HLB SME Solar Financing?
It is a financing package to assist Malaysian SMEs for Solar Photovoltaic (PV) system installation on business premises’ rooftops that will help in reducing the electricity bills by using solar energy as an alternative source of energy.
2. I do not know how many solar panels to install. Will I need to pay for an initial assessment?
No, there is no charges for initial assessment. The quotation for solar panels is usually based on your electricity bills (preferably for the past six months) of the business premise where you intend to install the solar panels. As such, providing the address of the physical premises (shop-lot / factory / warehouse) is sufficient for the initial assessment.
3. How much can I save by putting solar panels on my rooftop?
There is no “one-size-fits-all” solution or cost savings. The final cost savings is dependent on several factors such as the tariff your property is billed under (either commercial tariffs or industrial tariffs), the size of your roof space and technical or regulatory limitations.
Typically, the cost savings would be at a minimum of 20% of the monthly energy consumption. However, if you are eligible for other incentives offered by the government, your total cost savings could be more.
