As Malaysia continues to ramp up its commitment to renewable energy, businesses are increasingly turning to solar energy to meet their electricity needs. Solar power offers numerous benefits—lower energy costs, reduced carbon footprint, and energy independence—but one of the main barriers for many is the initial cost of installation.
This is where the concept of Zero Capital Expenditure (Zero CAPEX) Solar solution such as SunValue, a solar for business solution by Sunview, has emerged as an attractive option for businesses. To gain savings, get a free energy assessment for your business today!
Learn more about zero CAPEX solar and how it can benefit your business:
What is Zero CAPEX for Solar Installation?
Zero CAPEX is a financing model that allows businesses to install solar photovoltaic (PV) systems without having to pay the upfront costs of purchasing and installing the system. Under this model, the cost of the solar installation is fully covered by a third-party provider, often through a Power Purchase Agreement (PPA) or a Lease Agreement.
With Zero CAPEX solar installation, the customer does not have to make an initial investment in the solar system. Instead, they pay for the electricity generated by the solar PV system at a predetermined rate, which is often lower than the grid electricity price. The customer benefits from immediate energy savings, while the third-party provider covers the costs and owns the solar PV system. The system typically remains in place for a set period, often 20 to 25 years, after which the customer may choose to buy the system or continue the agreement.
Benefits of Zero CAPEX Solar Installation
- No Upfront Costs: With Zero CAPEX, businesses can avoid the high upfront capital required for traditional solar installations. This is particularly beneficial for those who are cash-strapped or do not wish to tie up capital in long-term investments.
- Immediate Savings: With lower energy bills right from the start, Zero CAPEX solar installations allow businesses to save money on their electricity bills immediately, even as they pay for the solar-generated power at a reduced rate.
- Operation & Maintenance (O&M): Typically, under a Zero CAPEX model, the third-party provider is responsible for maintaining, monitoring and repairing the solar system, reducing the burden on the customer.
- Strengthen Net-Zero Journey: By opting for solar energy, businesses can contribute to Malaysia's net-zero goals by 2050 and its renewable energy mix goal to 70% by 2050, while lowering their carbon footprint and electricity bills.
Is Zero CAPEX Solar Right for Your Business?
While Zero CAPEX solar installation offers clear benefits, it may not be suitable for everyone. Here are the types of businesses who would benefit most from this financing model in Malaysia:
- Businesses With Limited Upfront Capital: Small and medium-sized enterprises (SMEs) or startups that want to reduce their energy bills but don’t have the funds for a traditional solar investment should consider Zero CAPEX solar installation. The savings on energy costs can free up capital for other important business operations.
- Companies Looking for Predictable Energy Costs: Businesses operating in industries with high energy consumption, such as manufacturing, retail, and hospitality, may want to opt for Zero CAPEX solar installations to lock in predictable energy costs for the long term. The PPA or Lease Agreement typically offers fixed rates for electricity, which helps companies’ budget more effectively and avoid price volatility from rising electricity costs.
- Corporate Sustainability Focused on ESG: Companies that are focused on improving their Environmental, Social, and Governance (ESG) performance might also be drawn to Zero CAPEX solar installations. These businesses can enhance their sustainability credentials without the financial commitment, while also contributing to Malaysia’s goals of reducing greenhouse gas emissions and increasing renewable energy generation.
- Large Businesses With Long-term Investment Horizons: Large corporations or property owners with a long-term outlook on investment may also find Zero CAPEX solar installations a smart choice. The ability to shift capital to other initiatives while still benefiting from solar energy is appealing for companies that prefer to leverage energy savings over time without incurring immediate capital expenses.
Keen to find out if your business is eligible for Zero CAPEX solar? Connect with our experts today!
Sunview Group and Zero CAPEX Solar Installation
Sunview Group, a leader in renewable energy solutions, offers expertise in Zero CAPEX solar installations. Sunview’s extensive experience in the industry enables businesses to leverage solar energy solutions that are cost-effective and sustainable. By working with a trusted partner like Sunview, businesses can rest assured that they are getting the highest quality solar installations, with ongoing maintenance and support.
Considerations Before Opting for Zero CAPEX Solar Installation
While the Zero CAPEX model offers numerous advantages, it’s important for businesses to carefully assess the terms of the agreement. The contract duration, the cost of electricity under the PPA and the reputation of the third-party provider are all important factors to consider. It’s also essential to ensure that the performance guarantees, and maintenance obligations are clearly outlined to avoid unexpected costs or service issues down the road.
In addition, businesses should consider their energy consumption patterns. Those who use more electricity during the day, when solar energy is most effective, will likely see greater savings.
With over 10 years of expertise, Sunview knows the balance between staying competitive and business profitability. That’s why we offer SunValue—a zero CAPEX solar solution with no upfront costs, making solar energy hassle-free for your business.
To understand more about zero CAPEX solar, talk to us today!
Conclusion
Zero CAPEX solar installation is a game-changer for Malaysian businesses looking to embrace solar energy without the financial burden of upfront costs. If your business has limited capital yet looking to pursue sustainability and lower its electricity consumption, should consider zero CAPEX solar.
By choosing Zero CAPEX, your businesses can start enjoying the benefits of solar power right away, while contributing to a greener, more sustainable Malaysia, with the support of experts like Sunview Group.
