ReVISION Home Roof Top Solar PV System

Highlights Of ReVISION Program

  1. 9.6 KW System for RM110,000.00.
  2. A Government backed Renewable Power Purchase Agreement from TNB for the Homeowner to sell electricity back to TNB giving the Homeowner an estimated annual income of RM16,000.00 per year for 21 years.
  3. A ReVision Real-Time Monitoring Centre that will allow our maintenance team to monitor energy output yield at each home. This means that we will know immediately when there is defective equipment and can quickly mobilize the maintenance team for repairs if necessary.
  4. ReVision carries stocks of critical equipment to support timely replacement if required.
  5. ReVision has an in-house engineering team to support the technical competencies required of this program
  6. ReVision has established an excellent professional relationship with all stakeholders, i.e., TNB, SEDA, KeTTHA Ministry to implement this program successfully

Why invest in PV Roof Top System in Malaysia?

1 Monetize your roof You can collect “rentals” even while living in your own house.
2 Payment direct to owner You can stream income to yourself or to the bank if you wish to take a loan.
3 Lowers cooling costs The PV roof top system shades the roof; thus, reducing air conditioning costs.
4 Sound returns The projected Internal Rate of Return (“IRR”) based on 3.9KWh per day is 23%, at the PV cell warranted degradation rates.
5 Affordable investment 80% loan is available at only 8% per annum for the RM110,000.00, 9.6KW system. Otherwise pay cash, or use available balance on existing housing equity loan.
6 Reliable sunlight all year round Sunlight energy is converted, on average, into 3.9KWh to 4.1KWh electricity per day per KW installed capacity.
7 Malaysian Government approved Renewable Energy Act 2011 and Sustainable Energy Development Authority Act 2011 were passed in Parliament in April 2011. ( http://www.seda.gov.my)
8 9.6kW per domestic terrace house roof The increase from 4.8KW to 9.6KW is available due to new technology.
9 Feed in Tariff (FiT) based on buying back all electricity produced The value is higher for PV roof top system owners (RM1.46 per KWh for 2012) as compared to net metering where the output for own use is valued at the normal grid price (RM0.29). Moreover, own use occurs during night, whereas power production occurs during day.
10 Reduce global warming Make Money and Do Good! This PV roof top system enables zero carbon emission power production.

Frequently Asked Questions

1 Are the brands reputable? Yes, internationally strong and reputable manufacturers, all with full manufacturers’ warranties.
2 What is the installation time? Workflow will be streamlined and we estimate only one day to complete installation.
3 Who will co-ordinate during installation? ReVision Malaysia.
4 What about repairs? Covered by warranties.
6 What are the warranties on PV cells? Within the first 10 years, 1:1 replacement for failure. Thereafter, the replacement cost will be the prevailing market price or your original purchase price, whichever is lower.
7 What if I move house? You can either assign to the new owner which will increase the value of your existing home or it can be removed for other use.
8 What is the price? Taking advantage of the recent price drops, bulk purchasing and fair pricing, it is only RM110,000.00 for the 9.6KW system.
9 What income am I looking at? Estimated RM16,000.00 of income per annum at an average of 3.9KWh electricity per day. It can go up to 4.1KWh depending on weather conditions.
10 Who will handle the application? Application to Sustainable Energy Development Authority (SEDA) for Renewable Energy Power Purchase Agreement (REPPA) will be handled by ReVision Malaysia.
11 How much is the loan? Up to 90% if it is part of a home equity loan; 80% if it is not.
12 What is the interest? Interest on a home equity loan is around BLR minus 2%, and 8% if it is not.
14 Do I need to own the premises? Yes.
15 How many square feet of roof space is required? Approximately 450 sq ft for 4 KW and 900 sq ft for 9.6KW.
16 When can I invest? Immediately, because of very limited remaining 2012 allocation of REPPAs available.  For 2012, only 1,000 house owners will qualify based on first come, first served, basis, at the high FiT rate of RM1.46 per KWh.
17 Why is the allocation of REPPAs limited? Because these allocations and Feed-in-Tariff (FiT) rates are allocated based on the Renewable Fund available.
18 Will the investment costs fall further? PV costs fell sharply in 2012 due to manufacturers’ overcapacity and excess stock disposal. This best price is already reflected in ReVision Malaysia’s current package pricing. It is anticipated PV costs will increase in 2013. Moreover, FiT rates will be reduced by 8% in 2013.

Cash

Timetable

  Time Event/Activities
1 From Present
  1. Complete, sign and submit to ReVision Malaysia the following documents:
    • Sale and purchase agreement
    • Maintenance contract
    • REPPA application form
  2. Attach certified true copy of proof of ownership of property (first and last pages of sale and purchase agreement showing name of owner).
  3. Pay 10%, RM11,000.00, deposit to ReVision
2 Transaction date
  • ReVision Malaysia applies for REPPA on behalf of owner.
3 Transaction date + 1 month
  • REPPA approved, estimated within 10 working days.
  • If not approved, the deposit will be returned in full
4 Transaction date + 2 months
  • Installation of the 9.6KW roof PV system within 1 day
  • Pay 60%, RM66,000.00, to ReVision
5 Transaction date + 2 months
  • Connection to the grid by TNB.
  • Pay 30%, RM33,000.00 and the first annual maintenance fee of RM800.00 to ReVision
  • Power generated from commercial operation date (COD) qualifies for sale to TNB.
6 Transaction date + 3 months
  • First reading of electricity generated via the output meter by TNB  (estimated at approximately RM1,400.00)
7 Transaction date + 4 months
  • Receipt of first cheque from TNB by Homeowner estimated at approximately RM1,400.00

Notes:

  • Owners with 24 hr internet connections are connected to ReVision Malaysia operations data room.
  • ReVision Malaysia will base maintenance visit on deviations from expected operation, or fixed annual intervals if no faults are detected.


Cash Flows

1 Cost of equipment

RM110,000.00

2 10%, payable on contract, fully returnable if REPPA not approved.

RM11,000.00

3 Upon installation ( est. REPPA application date + 2 months)

RM66,000.00

4 On Commercial Operation Date ( est. REPPA application date + 2 months)

RM33,000.00

5 Estimated average monthly income for next 21 years

RM1,400.00

6. Maintenance contract charges to be paid in advance per annum to ReVision

RM800.00

80% Loan

Timetable

  Time Event/Activities
1 From Present
  1. Complete, sign and submit to ReVision Malaysia the following documents:
    • Sale and purchase agreement
    • Maintenance contract
    • REPPA application form
    • Bank account opening form
    • Loan application form
  2. Attach certified true copy of proof of ownership of property (first and last pages of sale and purchase agreement showing name of owner).
  3. Pay RM11,000.00 to ReVision Malaysia.
2 Transaction date
  • ReVision Malaysia applies for REPPA on behalf of owner.
3 Transaction date + 1 month
  • REPPA approved, estimated within 10 working days.
  • If not approved, the deposit will be returned in full
  • Pay RM11,000.00 to ReVision for second installment
  • Bank activates loan facilities
4 Transaction date + 2 months
  • Installation of the 9.6KW roof PV system within 1 day
  • Bank pays ReVision RM55,000.00 (50%)
5 Transaction date + 2 months
  • Connection to the grid by TNB
  • Bank pays ReVision RM33,000.00, being remaining balance.
  • Power generated from commercial operation date (COD) qualifies for sale to TNB.
6 Transaction date + 3 months
  • First reading of electricity generated via the output meter by TNB (estimated at approximately RM1,400.00)
7 Transaction date + 4 months
  • TNB sales proceeds remitted into owner’s account
  • Automatic Transfer of RM1,244.03 to credit of fixed loan account
  • Automatic Transfer RM67.00 per month to ReVision, annual maintenance fee.
  • Estimated balance of RM75 per month left in bank at discretion of owner for the 8 years tenure of the loan. After tenure, it is estimated at an average of RM1,400.00 per month.

Notes:

  • Owners with 24 hr internet connection are connected to ReVision Malaysia operations data room.
  • ReVision Malaysia will base maintenance visit on deviations from expected operation, or fixed annual intervals if no faults are detected.
  • Owners are encouraged to visit the bank to discuss further financial products and services from the bank.

Preconditions for 80% financing loan

  • Renewable Energy Power Producer Agreement (REPPA) applicant must be a house owner.
  • Income from TNB assignable directly to the financing bank.


80% Loan Cash Flows

1 Cost of equipment

RM110,000.00

2 Equity (10%, payable on contract, RM3k non-returnable after approval of REPPA)

RM11,000.00

3 Balance (10% on approval of REPPA) to meet loan equity requirements

RM11,000.00

4 Loan drawdown 1: (50%, paid to ReVision after installation)

RM55,000.00

5 Loan drawdown 2: (30% paid to ReVision after grid connection)

RM33,000.00

6 Tenure

8 years

7 Interest rate (reducing balance)

8% fixed

8 Repayments*

96 x RM1,244.03

9 Cumulative repayment

RM119,426.58

10 Interest element

RM31,426.58

  Estimated monthly surplus paid to borrower during loan tenure (app 4% per annum, more than the 3% FD interest rate (based on Deposit of RM22,000.00)

RM75.00

  Estimated average monthly income (fully distributable after loan repayment)

RM1,400.00

  • Final repayment may vary slightly due to slight variation in commencement date of receiving FiT payments