ACHIEVE YOUR SUSTAINABILITY GOALS WITH RENEWABLE ENERGY SOURCES
What are Renewable Energy Certificates (RECs)?
Renewable Energy Certificates or RECs, are market-based instruments that represent the generation of RE from renewable sources such as solar, wind, hydropower, etc.
1 REC is created for every 1 MWh of energy generated and it gives the owner the right to claim the use of renewable energy.
How Do RECs Work?
RECs track and validate the generation of 1MWh of renewable energy, which offsets Scope 2 emissions. With RECs, your company can claim that it is powered by RE sources.
Who Should Buy RECs?
Renewable Energy Certificates may be a good fit for your company if you:
want to reduce your energy consumption and carbon emissions.
are facing difficulties installing renewable energy (RE) facilities such as rooftop solar panels.
have ambitious sustainability goals you are trying to achieve
5 Benefits of RECs
Reducing carbon footprint by offsetting Scope 2 emissions
Adopting RE sources without installing any physical facilities
Cost saving benefits and flexibility in meeting RE goals
Promoting company's commitment to clean Energy
Meeting sustainability and ESG target
What to Consider When Buying RECs?
Verification and certification
It is important that the RECs are certified and verified by responsible organisations. This ensures that the RECs are legitimate and represent actual renewable energy generation.
RECs can vary in price, depending on the type of certificate and the provider. While it is important to consider price, it is also important not to choose a provider solely based on cost. Look for a provider that offers high-quality, legitimate RECs at a fair price.
Determine the quantity of RECs you need to purchase based on your energy usage and desired level of carbon offsetting.
Verification and Certification
Verify that the RECs are certified and verified by responsible organizations.
Tracking and Reporting
Ensure that you can track and report the environmental and social benefits associated with the purchase of RECs.
What Do We Offer?
This solution is designed for RE asset owners who are looking to monetise their green attributes. Among some of the benefits are:
A seamless and hassle-free transaction process.
Passive revenue stream on top of existing RE investments.
Increasing accessibility of renewable energy.
This option is for companies wishing to comply with ESG reporting while developing a sustainable image. The benefits below apply:
Showcases the company’s commitment to RE and sustainability.
Reduces operational Scope 2 emissions.
Great cost savings without the installation of RE facilities.
More than 300 companies worldwide have committed, and
we can help you do the same.
How much is the cost to install a solar PV system?The cost will vary depending on your requirements. Our Solar PV Engineers will design a solar pv system that is suited to your electricity usage, your available roof space and your budget to maximise your savings.
What are the financing options that are available?There are two options that are available: Zero CAPEX and Outright purchase. With ZERO Capex, we provide the full financing of the entire PV system with no investment required for the next 25 years. On the other hand, with the Outright Purchase option, we assist in securing green lane financing from our key bank partners for your own purchase of solar PV assets.
Can Progressture assist me with the financing options above?Yes, we can assist you with both options. Our turnkey solutions allow you to shift towards solar energy adoption with financing, consultation, engineering, procurement, construction, commissioning (EPCC), and maintenance services from us.
What are the first steps to starting a solar journey?Simply reach out, talk to us, share your TNB electricity bills, and get a free ROI assessment. We will advise on a clean energy solution that is right for you.
Are there any solar schemes available for my business?Yes, in Malaysia we have the Net Energy Metering (NEM) and Self-Consumption (SELCO) scheme for the adoption of Renewable Energy. With NEM, the energy generated from the solar PV system will be consumed first, and any excess to be exported and sold to the distribution licensee (such as TNB and SESB). Aside from NEM, SELCO is another option for you to generate electricity from your own solar PV system which allows you to offset or reduce your energy bills. With SELCO, you can consume all the electricity generated by your solar system but will not allow any excess electricity to flow into the grid.
How much savings will I be able to enjoy with a solar power system?With a solar power system installed in your building, you can save up to 85% on your monthly electricity bills.
How often should solar panels be cleaned and maintained?As solar power systems are hardwired without moving parts, they require very little maintenance. Nevertheless, the time needed for cleaning and maintenance can vary and it depends on several factors such as the slope of your roof, the location of your building, the presence of particles, etc. At Progressture Solar, we provide operation and maintenance (O&M) services to our clients that include the cleaning and inspection of solar panels on an annual basis. It is our responsibility to keep your solar panels clean at regular intervals to prevent residue from forming and to ensure their optimal performance.
What is the payback period for the rooftop solar investment?Depending on tariff rates, the average payback period for the purchase of a rooftop solar system is approximately 2.5 -5 years.
Are there any tax benefits given by our Malaysian Government for my business?Yes, you can enjoy the benefits of the Green Investment Tax Allowance (GITA) from MIDA and the Capital Allowance (CA) from LHDN when you make the transition to renewable energy like solar power.
What are some of the licenses that Progressture possess?Progressture Solar is a Registered Photovoltaic Service Provider (RPVSP) and a Registered Solar Photovoltaic Investor (RPVI) under SEDA, myHijau, the Energy Commission (ST), and a G7 license holder issued by CIDB Malaysia.