Solar Panel Financing in Sarawak 2026
Sarawak uses SEB (Sarawak Energy Berhad) instead of TNB, and operates the SARES (Sarawak Alternative Renewable Energy Supply) scheme rather than Solar ATAP. Green financing and EPF withdrawals are still available for Sarawak homeowners.
Note: Sarawak is served by SEB SARES (Sarawak Alternative Renewable Energy Supply) (not TNB). Solar ATAP is a TNB programme — Sarawak homeowners apply under the equivalent SEB SARES (Sarawak Alternative Renewable Energy Supply) scheme. Financing options (green loans, EPF) work the same way.
Sarawak Solar Financing at a Glance — 2026
Cash vs Green Loan vs EPF in Sarawak
Each financing method suits a different financial situation. Here's how they compare for a typical 5 kW system in Sarawak (RM 16,000–24,000 (5 kW)).
| Method | Upfront cost | Monthly payment | Best for |
|---|---|---|---|
| Cash | Full RM 18k–25k | None | Fastest payback (5–6 yr) |
| Green Loan | 0–10% deposit | ~RM 250–400/mo | Preserve savings, still cash-flow positive |
| EPF Account 2 | Zero cash | None | No cash, EPF balance > RM 20k |
Estimates based on 5 kW system at RM 20,000 with 7-year green loan tenure. Actual rates depend on your credit profile and bank of choice.
Green Loan Options for Solar in Sarawak
All major banks below offer solar green loans accessible from Sarawak. Monthly repayments on a RM 20,000 loan at 3.5% p.a. over 7 years work out to about RM 275/month — often less than your current electricity bill.
Green BizFinancing / Personal Financing-i
Green Home Loan / MAE Solar Financing
Green Financing-i
MyHome Solar Loan
Green Personal Financing
Rates current as of 2026. Compare at least 3 banks before committing — rates and approval criteria vary. Islamic financing options (financing-i) are available at Bank Islam, CIMB Islamic, and Maybank Islamic.
How to Use EPF Account 2 for Solar in Sarawak
EPF withdrawal works for Sarawak homeowners. Use KWSP Kuching or Miri branches, or online i-Akaun. Installer must be SEDA or SEB-approved.
Get installer quote
Ask your SEDA-registered installer for an EPF-compatible quotation with their SEDA registration number included.
Apply via i-Akaun
Log in to i-Akaun (akaun.kwsp.gov.my) → Account 2 Withdrawal → Housing/Solar. Upload quote and supporting docs.
KWSP review (2–4 weeks)
KWSP verifies the installer's SEDA status and your property ownership. Disbursement goes directly to the installer.
Installation begins
Once KWSP releases payment, installation typically takes 1–3 days. TNB/SEDA connection takes 4–8 weeks after.
Pro tip: Solar typically delivers 15–20% annual returns — well above EPF's ~5–6% dividend. If you have RM 20,000+ in Account 2, withdrawing for solar is often the smarter long-term move.
Calculate Your Solar ROI in Sarawak
Enter your TNB bill and get a personalised payback period, savings estimate, and system size recommendation.
Solar Financing Sarawak: Frequently Asked Questions
What financing options are available for solar in Sarawak?▾
Three main options: (1) Cash — fastest payback, lowest total cost; (2) Green Loan from banks like CIMB, Maybank, Bank Islam — rates from 3.5% p.a., monthly repayments often lower than electricity savings; (3) EPF Account 2 withdrawal — no monthly payments, zero interest.
How much does a solar system cost in Sarawak?▾
A typical 5 kW system in Sarawak costs RM 16,000–24,000 (5 kW) fully installed — includes Tier-1 panels, inverter, mounting hardware, wiring, and SEDA/TNB application fees. Always get at least 3 quotes.
What is the payback period for solar in Sarawak?▾
With From 4.0% p.a. green loan or EPF, most Sarawak homeowners see payback in 7–9 years. After payback, all generated electricity is pure savings for 17–20 more years.
Does Solar ATAP apply in Sarawak?▾
No. Sarawak uses SEB (Sarawak Energy Berhad) and the SARES programme, not TNB and Solar ATAP. SARES has different rates and application processes. Consult SEB or a local SEDA-registered installer for Sarawak-specific solar scheme details.
Is solar financing available in Kuching?▾
Yes. Major banks (Maybank, CIMB, RHB, BSN) all have Kuching branches with green loan products. Sarawak's slightly higher financing rates (from 4.0% p.a.) reflect the smaller installer market.
Can I use EPF to pay for solar in Sarawak?▾
Yes. Any Malaysian homeowner in Sarawak with a primary residence can withdraw from EPF Account 2 to cover the full cost of a SEDA-registered solar installation. EPF withdrawal works for Sarawak homeowners. Use KWSP Kuching or Miri branches, or online i-Akaun. Installer must be SEDA or SEB-approved.