Solar Panel Cost

Our Rent-To-Own program is a game-changer here in Singapore – it lets you get a solar system at home without paying a single cent upfront.

Instead, you pay a fixed monthly fee, which we aim to keep below what you’re currently paying for electricity. When your contract’s up, the solar system’s all yours, no extra costs. It’s a hassle-free, smart way to switch to solar.

Read more about our Rent-To-Own program!

No direct cash subsidies or rebates are currently offered to homeowners for installing solar panels in Singapore. Instead, a solar net metering scheme compenstates them for the excess energy they generate, encouraging solar adoption.

The main schemes available for homeowners are the Simplified Credit Treatment (SCT) scheme and the Enhanced Central Intermediary Scheme (ECIS).

• Simplified Credit Treatment (SCT): Only applicable to homeowners buying from SP Services, this scheme pays for surplus solar energy at the prevailing SP Group electricity tariff minus grid charges (typically about 20-25% of the tariff). This means homeowners receive roughly 75-80% of the retail electricity rate for each kWh exported.
• Enhanced Central Intermediary Scheme (ECIS): Applicable to homeowners (and businesses) buying from OEM retailers (with systems under 10 MWac), this scheme allows homeowners to sell excess at the average wholesale market price via SP Group.

Yes, solar panels in Singapore typically come with two types of warranties – product warranty and performance warranty. Product warranties last 10-25 years on average, while performance warranties last about 25 years.

These warranties typically cover 1-to-1 replacements of physically defective equipment. However, labour costs associated with the replacement work are often chargeable.