Solar PV can help businesses save at least 25% in electricity cost, says UOB

UOB Malaysia deputy chief executive officer Ng Wei Wei said:"Landed residential property households get to enjoy between 30 per cent and 50 per cent of monthly savings in electricity bills."

KUALA LUMPUR: A typical solar photovoltaic (PV) panel installation on commercial or industrial properties would help businesses to save potentially at least 25 per cent in electricity cost, UOB Malaysia deputy chief executive officer Ng Wei Wei said.

She said the amount of savings translates to an average payback period of three to five years on businesses’ total investments.