Malaysia’s Ministry of Energy Transformation and Water Transformation (PETRA) has announced an incentive program called the People’s Solar Incentive Scheme (SolaRIS) to encourage residential energy consumers to adopt solar energy. The program is open to all Malaysian citizens with Tenaga Nasional Bhd (TNB) accounts as well as citizens applying for the NEM project for the first time.

The SolaRIS scheme is based on the Net Energy Metering Scheme (NEM) and the government will provide RM1,000 to RM4,000 (equivalent to Cash subsidies ranging from US$211 to US$843)/kWAC. PETRA has approved a quota of 350MW for the NEMRakyat scheme, with the submission window to apply for subsidies open from April 1, 2024 to December 31, 2024 (or until the quota is exhausted), and solar systems must be installed on March 31, 2025 put into use before.