For those who are interested to earn extra money by generating electricity at home will be able to register online through e-FiT system at the Sustainable Energy Development Authority Malaysia (SEDA) website. The registration will be open to the public starting 1st December 2011 at 00.00 hrs.
There will be a quota on the numbers of approved application, and it will be awarded based on first-come, first-served basis.
For the public individual, the quota for solar photovoltaic (PV) system is 2.50 MW for half yearly. If each of the public individuals adopts to install 4kW, then the quota is 625 persons per half-yearly. FiT present applicants with an investment opportunity as they will be rewarded with lucrative rates.
Under the RE Act 2010, individuals or non-individuals can sell electricity generated from renewable energy (RE) resources to power utility firms at a fixed premium price for a specific time. The four renewal energy resources that are eligible for FiT are biogas, biomass, small hydropower and solar PV.
A small-scale solar PV producer, meaning a household, could potentially earn up to RM1.75 per kWh of electricity produced by selling the power to TNB. Comparatively, the average domestic rate that consumers pay to TNB is 27.6 sen per kWh.
The table below are the rates for small-scale producers
|Description of Qualifying Renewable Energy Installation||FiT Rates (RM per kWh)|
|Basic FiT rates having installed capacity of up to and including 4kW||1.23||1.23||1.1316|
|Bonus FiT rates having the following criteria (one or more) :|
|1||use as installation in buildings or building structures||0.26||0.26||0.2392|
|2||use as building materials||0.25||0.25||0.23|
|3||use of locally manufactured or assembled solar PV modules||0.03||0.03||0.0276|
|4||use of locally manufactured or assembled solar inverters||0.01||0.01||0.092|
Currently, the applicant is given seven days to submit both payments for their application fee and the physical declaration form. SEDA will manually check all the online documents submitted by the applicant.
If the payment, declaration form and online documents are in order, then a FiT approval will be granted. Subsequently, applicant is issued a feed-in approval (FiA) certificate, and the applicant is technically called a feed-in approval holder.
The timeframe between the acceptance of the FiT application and the issuance of the FiA certificate is 14 days, provided the documents submitted are in order.
For further information regarding the FiT and e-FiT application kindly browse to SEDA webpage.