Photovoltaic Solar System (Commercial)

Solar energy is carbon free and the system is almost maintenance-free and has a long lifespan of up to 25 years to realise cost savings. Besides offsetting against electricity bills, the solar photovoltaic system, coupled with a net metering mechanism, allows excess energy generated during daylight to be credited. This reaps long-term cost-saving benefits as well as increases the market value of the property. Owners of Solar System could maximise benefit by selling Renewable Energy Certificates (RECs). The price of RECs fluctuates based on demand and supply. As of mid-2023, selling 1 REC equivalent to 1MWh in Singapore for small or medium asset owners will fetch between SGD 20 to 35.