The Renewable Energy Boom: Is Solar the Future?
Renewable energy (RE) is growing at an unprecedented pace. According to a 2023 IEA report, global RE capacity has rapidly increased by 50%, making 2023 one of the fastest growth years in the past two (2) decades.
As electricity prices climb, more Malaysians are considering renewable energy, such as solar power to slash monthly electricity bills. With various types of renewable energy forms — solar, wind, biomass, tidal, hydropower, and geothermal — solar stands out as one of the most accessible and widely adopted option.
As part of an employer project between Sunview and the students of INTI, we explored its cost savings potential and sustainability benefits to better understand the real impact of solar energy.
The Global Rise of Renewables
Around the world, renewable energy is reshaping how nations power their economies.
- Japan integrates geothermal heating into homes for efficient winter warmth.
- China leads in hydropower generation, with Brazil and Canada following closely behind (International Hydropower Association, Report, 2021).
- Countries investing in solar, wind, and hydro are seeing lower electricity costs and enhanced energy security.
This global momentum highlights the benefits of clean energy, proving it’s more than just hype — it’s a game-changer.
Solar Energy: A Smart Move for Malaysian Businesses
For Malaysian businesses, solar energy isn’t just about sustainability — it’s about survival. Here’s why:
- Lower Electricity Bills: Businesses can lower their operational costs by using solar to reduce their monthly electricity expenses. Malaysia’s abundant sunlight ensures consistent solar power generation, making it a reliable and cost-effective alternative to traditional energy sources. Additionally, as solar panel installation costs continue to decline, businesses can achieve quicker returns on investment.
- Energy Independence: Lowers reliance on fossil fuels and less worry about energy prices; The reliance on fossil fuels for electricity generation has led to a significant depletion of these resources, making them increasingly limited and expensive to extract, leading to higher bills. With solar, businesses generate their own power.
- Government Incentives: Programs like Self-Consumption (SelCo) and Solar ATAP (begins December 2025) make solar adoption more rewarding, all while reducing carbon footprint.
- Battery Energy Storage Systems (BESS): Maximise savings by storing solar energy for later use.
With Malaysia's fossils fuel dependency driving up costs, solar offers a reliable, cost-effective solution.
Future-Proof Your Business With Solar
With existing RE initiatives by the government such as the SELCO / Solar ATAP scheme, and green technology incentives, there has never been a better time for businesses to invest in solar energy.
Your business can have:
- Electricity bills slashed by up to 50%,
- Payback pays as fast as 1.5 years*
- Long-term savings
- Lower corporate taxes
*Terms & conditions apply.
Take advantage of these opportunities now to ensure long-term sustainability of your business, with Sunview outright solar solution, SunVertax, designed for businesses seeking maximum energy independence and financial benefits.
Connect with our experts today and future-proof your business!
Conclusion: Hype or Worth It?
The verdict? Solar energy isn’t just hype—it’s a necessity. The adoption of renewable energy presents a promising path toward a more sustainable and economically viable future. By leveraging natural resources such as solar energy, Malaysia can reduce reliance on fossil fuels, lower electricity costs, and mitigate environmental issues like pollution and climate change.
Government incentives and technological advancements, such as Battery Energy Storage Systems (BESS) can future encourage energy independence and resilience. As more businesses embrace renewable energy, Malaysia moves closer to a more sustainable and energy-efficient nation.
The question is: Is your business ready to make the switch? The future is bright—and it's solar-powered!
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Editor’s note: The article was co-contributed by the students of INTI and is part of an Employed Project between Sunview & INTI International College Subang. The content s been edited to align with the professional editorial standards of Sunview. The views and opinions expressed in this piece are those of the authors and do not necessarily reflect the official stance of Sunview.
Co-contributed by Students of INTI:
● Kueh Chia Xin
● Seah Yun Zi
● Cheh Yu Zhen
● Cheang Hiew Tung
● Khoo Li Ping
Lecturer: En. Faizul Azhar, Lecturer
Pre-University, INTI International College Subang
Edited by: Sunview’s editorial team
For more information on adopting sustainability with solar solutions, visit Sunview’s website here today.
