KUALA LUMPUR, 20 December 2024 – In a significant move towards sustainability, NGC Energy has unveiled its Solar PV System Program, positioning itself as a leader in the renewable energy sector. NGC Energy, already recognized as the second-largest LPG supplier in Malaysia based on pre-COVID data from KPDN, continues to lead in innovative energy solutions. With solar power gaining traction as one of the most reliable and cost-effective energy sources, NGC Energy’s initiative reflects the growing demand for cleaner alternatives, both in Malaysia and worldwide.
As countries strive to meet carbon reduction targets, renewable energy is rapidly becoming an essential part of the global energy landscape. Solar energy, in particular, has emerged as a powerful solution, harnessing the sun’s energy to generate electricity with minimal environmental impact. For Malaysian businesses and households, switching to solar offers not only significant cost savings but also a meaningful contribution to reducing the nation’s carbon footprint.
“With rising energy costs and increasing environmental concerns, the need for clean, affordable energy has never been greater. Solar power provides an efficient and sustainable solution to meet those needs,” says Julianna Kamaruddin, CEO of NGC Energy.
NGC Energy’s Solar PV System Program has already made strides in reducing carbon emissions, with a projected annual reduction of 358 metric tons of CO2 by 2024. To contextualize the impact of solar energy compared to traditional sources, solar power offsets 20 times the emissions of coal and 12 times that of natural gas.
Solar panels are advanced technology systems that convert sunlight into electricity. These panels vary in size and capacity depending on installation needs. For residential installations, smaller rooftop panels are typically used, while industrial facilities often require larger arrays to meet higher energy demands.
Financially, solar installations bring significant long-term benefits. Residential setups can result in yearly savings ranging from RM3,000 to RM12,000, depending on system capacity and usage. A standard 1-kWp system could save RM550–RM680 annually, translating to RM5,500–RM6,800 over a decade. Installation costs for residential solar systems generally range between RM18,000 and RM40,000.
Malaysia’s government has introduced several initiatives to accelerate the adoption of solar power, offering financial incentives through the Green Investment Tax Allowance (GITA) and Solar For Rakyat Incentive Scheme (SolaRIS) programs. These incentives reduce the upfront costs of solar installations, making solar power more accessible to homeowners and businesses. Through Net Energy Metering (NEM) 3.0, customers can even sell excess electricity back to the grid, maximizing their investment in solar energy.
The solar energy market in Malaysia is projected to grow at an annual rate of 2.22% from 2024 to 2029. The government’s National Energy Transition Roadmap (NETR) outlines an ambitious target to increase solar energy capacity from 4% to 58% by 2050.
NGC Energy has also launched an internal program to equip its employees’ homes with solar panels, demonstrating its commitment to sustainability. “At NGC Energy, we believe in leading by example,” said Julianna. “By embracing solar power ourselves, we’re demonstrating our commitment to a sustainable future and inspiring others to do the same.”
NGC Energy’s Solar Program offers a wide range of services designed to meet the unique energy needs of its customers. Whether for homes or businesses, the program provides end-to-end solutions, including:
- Consultation and Customization: Tailored solutions based on individual energy needs.
- Installation and Maintenance: Professional installation backed by ongoing support.
- Warranties: A 15-year product warranty and a 30-year linear power output warranty, ensuring long-term reliability.
NGC solar solutions offer potential savings of up to 98% on electricity bills, with many customers seeing a return on investment within 3 to 5 years.
Looking ahead, NGC Energy plans to expand its solar initiatives and explore new opportunities in the renewable energy market. The company is committed to empowering more Malaysian households and businesses to transition to solar energy and reduce their dependence on fossil fuels.
“As we continue to innovate and expand our offerings, our vision remains clear: to build a sustainable energy future for Malaysia and beyond,” said Julianna. “We are constantly striving to make solar solutions more accessible and impactful.”
NGC Energy invites everyone to explore the potential of solar energy and see how our Solar PV System Program can transform both homes and businesses. For more information, head straight to our Solar PV webpage, where you can request a personalized solar proposal. This proposal provides a clear breakdown of potential savings, costs, and details about our comprehensive installation packages.
For more information about Solar PV and NCR Energy, please visit https://www.ngcenergy.com.my/
For a free consultation or to hear testimonials from our satisfied customers, contact us at solar@ngcenergy.com or call our hotline for more information.
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