Financing


Financing

How do I register as a buySolar user?

Click 'Financing' at the top of buySolar's website and you can view all Bank Financing products.



When can I apply for bank financing for solar installation?

You must request a quotation from at least one supplier at buySolar website. Then, you may register your interest to apply bank financing for solar panel installation by entering some information required by the bank. Refer to"What should I do if I wish to apply loan?"


Your information and interest will be forwarded to the bank after you have accepted the final quotation on buySolar.



What is the process of bank financing application?

After you have submitted financing application to buySolar, your financing application will be forwarded to your selected bank.


Bank officer will contact you to proceed with financing application.



What should I do if I wish to apply bank financing for solar installation?

Follow the steps below to apply for financing:-

Method 1:- On the 'Thank You For Accepting Final Quotation' page, click 'Apply for Financing'. 'My Financing' screen will be displayed and you can apply for financing.

Method 2:- Click on 'Hi [your name]', then click 'My Financing'. 'My Financing' screen will be displayed and you can apply for financing.

Method 3:- Click on 'Hi [your name]', then click 'My Quotation'. 'Quotation Listing' page will be displayed and you can apply for financing.

Method 4:- On the 'Financing' product page, click 'Apply for Financing'. 'My Financing' screen will be displayed and you can apply for financing.

Method 5:- Click on 'Hi [your name]', then click 'Job Order'. 'Job Listing' page will be displayed and you can apply for financing.



How can I pay back the bank financing?

You can directly arrange the repayment with bank.



Why is my additional personal data collected and is my data secured on buySolar?

When you agree to submit the loan details on buySolar page, you are required to tick of the checkbox to authorize and consent to perform the checking by Bank. Your personal data is only forwarded to your selected Bank.

Bank is authorized to verify and/or make any checks and/or obtain any information and/or confirmation from any credit reference agencies, including but not limited to Central Credit Reference Information System (CCRIS), Financial Information Services (FIS) and/or any other agencies and/or from any financial institution, on me/us and/or any other person, individual and/or entity as the Bank may deem fit, for any purposes which the Bank deems fit.



Can I install the solar panels if my financing application was not approved by bank?

No, unless you can arrange for other methods of payment.





Financing for Residential

How do I know the bank financing application status?

You may check the bank financing application status through the steps below:-

Step 1: Click on 'Hi [your name]'. Select the 'My Financing' menu. OR, if you see a left panel, click 'My Financing'.

Step 2: Then, you will see your Financing Application Status. There are few possible statuses available in the system:-
a) Application Submitted
b) Bank Processing
c) Financing Disbursement
d) Application Lapsed

Or you may contact the bank directly to get the latest information.



What is the process after bank financing application has been approved?

Once the bank has approved the financing application, bank will disburse the money to customer. Customer will use this money to pay for the solar panel installation.

Solar installation will start after customer has paid the final payment to buySolar.





Financing for Commercial

How do I know the bank financing application status?

You may check the bank financing application status through the steps below:-

Step 1: Click on 'Hi [your name]'. Select 'My Financing'. OR, if you see a left panel, click 'My Financing'.

Step 2: Then, you will see your Financing Application Status. There are few possible statuses available in the system:-
a) Application Submitted
b) Bank Processing
c) Application Rejected
d) Offer Accepted
e) Financing Disbursement
f) Application Lapsed

Or you may contact the bank directly to get the latest information.



What is the process after bank financing application has been approved?

Once the bank has approved the financing application, bank will disburse the money to supplier based on the disbursement term. Solar panel installation will start after the 1st term of money has been disbursed to supplier.





Solar RTO (Rent-To-Own)

What is Solar Rent-To-Own (RTO)?

Solar Rent-To-Own (RTO) is a solar ownership programme that allows consumers to install solar PV systems with zero upfront cost.

Instead of paying the full amount at once, consumers pay in affordable monthly instalments over a fixed period — and own the solar system once the payment term ends.

It's a great way to enjoy solar savings and energy independence without heavy initial investment.



How does RTO work?

Under the RTO model:-

  • Solar provider installs a solar PV system at your premises with no upfront cost.
  • You'll then pay a monthly rental fee for an agreed period.
  • At the end of the term, full ownership of the system is transferred to you.

During the rental period, you can already start saving on your electricity bills, since your rooftop solar system supplies clean energy for your daily use.



Who can apply for RTO?

RTO is open to homeowners and businesses with suitable rooftops.

It's an ideal option for those looking to reduce electricity costs and own your system long-term — with no upfront payment required.



Is RTO part of the government's solar schemes (like SELCO or ATAP)?

Solar RTO is a private financing model, not a government incentive scheme. It's a privately financed option that helps you go solar without heavy upfront costs.

This scheme usually work together with government programmes like SELCO and the upcoming Solar ATAP, making it easier for consumers to benefit from Malaysia’s solar initiatives.



Can I upgrade my solar system later?

System upgrades may be possible under certain RTO contracts. You'll need to check and confirm with your solar installer.



What happens if I move or sell my property during the RTO term?

Some agreements allow the new owner to take over the remaining term, while others may require early settlement. You'll need to check and confirm with your solar installer on the agreement terms.



Who will maintains the solar system under RTO?

Your RTO provider normally takes care of the solar system’s maintenance while you’re renting it. Still, it’s important to check your agreement to know exactly what’s included.



How do I choose a reliable RTO provider?

Pick a trusted solar company that’s approved by SEDA or the Energy Commission (ST). Make sure they have good experience, clear contract terms, and after-sales support you can count on.

Not sure which provider to choose? Our team can help you find a licensed solar installer.

Get in touch via our Contact Page or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.





The FAQs are provided for general guidance and clarification only and is subject to updates or revisions.



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