Business Case Study
Go Green with SOLAR
Double Savings from Tax Incentives and Lower Cost of Electricity
Installation of a 92 kWp Solar System based on Electricity Bill Amount of RM12,000
| Estimated Solar System Cost (RM) | 446,900 |
| Estimated Monthly Savings from Electricity Bill (RM) | 4,711 |
| Standard Corporate Tax Rate | 24% |
| Profit Before Tax (RM) | 2,000,000 |
Savings From Tax Incentives (Capital Allowance and GITA)
| Year | Tax Payable (RM) | Savings From Tax Incentives (RM) | |
|---|---|---|---|
| WITHOUT Solar Investment | WITH Solar Investment | ||
| 1 | 480,000 | 336,277 | 143,723 |
| 2 | 480,000 | 464,984 | 15,016 |
| 3 | 480,000 | 464,984 | 15,016 |
| 4 | 480,000 | 464,984 | 15,016 |
| 5 | 480,000 | 464,984 | 15,016 |
| 6 | 480,000 | 464,274 | 10,726 |
| Total Tax Savings in 6 years | 214,512 | ||
Tax incentives from CA and GITA cover up to 48% of solar system cost
Save up to 50% of your electricity bill and hedge against rising electricity cost.
| Year | Electricity Cost (RM) | Savings From Solar (RM) | |
|---|---|---|---|
| WITHOUT Solar Investment | WITH Solar Investment | ||
| 1 | 144,000 | 87,467 | 56,533 |
| 2 | 144,000 | 87,467 | 56,533 |
| 3 | 144,000 | 87,467 | 56,533 |
| 4 | 144,000 | 87,467 | 56,533 |
| 5 | 144,000 | 87,467 | 56,533 |
| 6 | 144,000 | 87,467 | 56,533 |
| Total Savings in 6 years | 339,198 | ||
Hedging against rising electricity cost
Return on Investment (ROI) on Solar System based on Double Savings from Tax Incentives & Cost of Electricity
Note : Estimated savings based on a business case study