PUTRAJAYA, July 13 (Bernama) — The Sustainable Energy Development Authority (SEDA) has targeted 2,000 houseowners this year, and 10,000 the next, to invest in solar power which could earn the latter an average of RM500 monthly for 21 consecutive years.
Its chairman, Tan Sri Dr Fong Chan Onn said, each house which had to be installed with solar panels could generate four kilowatts of power for sale to Tenaga Nasional Berhad.
The biggest encumberance for mega participation in the renewable energy investment was the financial capital involved in the installation of the project, he said.
“One kilowatt would incur a cost of RM10,000, so for four kilowatts, RM40,000.
“To encourage owners of terraced house, bungalows and low-cost houses, Seda is in discussion with some commercial banks to ease the loan process,” he said in a media conference here Friday.