PETALING JAYA: The Sustainable Rebate and Incentive Assistance (SuRIA) Home initiative is expected to sustain residential solar adoption momentum despite lower incentives compared to the previous SolaRIS scheme, which supported by rising electricity costs, automatic fuel adjustment (AFA) surcharges and growing electric vehicle (EV) adoption, says Rakuten Trade head of equity sales Vincent Lau.
Lau said the rebates under the SuRIA Home programme “still provide some support”, noting that residential rooftop solar demand had previously weakened during periods without incentives as consumers delayed installations while waiting for clearer policy direction and new schemes under the Solar Accelerated Transition Action Programme (Solar ATAP).
“The early adopters received a better deal with more incentives.
“However, petrol prices are currently rising, and electricity tariffs will probably increase after the probable general election this year.
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