Are there subsidies for solar panels in Singapore?

In Singapore, there are no direct subsidies for residential solar panel installation. However, homeowners and businesses can still monetise excess solar energy through sell-back schemes that allow them to export unused electricity to the national grid. These are often mislabelled as “net metering,” but Singapore does not use a net metering model.

How does Singapore encourage solar energy adoption?

To encourage the adoption of solar energy among homeowners and businesses in Singapore, the government offers various financial incentives. These include grants, rebates, and subsidies to offset the initial prices of installing solar panels.

Are there subsidies for solar energy?

Are there subsidies provided for solar energy? Adopting subsidies such as feed-in tariffs for solar energy distorts the energy markets. It increases costs for consumers. Hence, it is important to price energy correctly and send the right price signals to both consumers and investors.

How much support do solar panels get in Singapore?

The level of support you can receive depends on the Green Mark certification level and the carbon emissions reduction achieved through energy improvements. In Singapore, there are no direct subsidies for residential solar panel installation.

Are solar panels a good source of energy for Singapore?

With Singapore achieving close to 10,000 residential solar panel installations in the first half of 2024, it is no question that solar energy is increasingly becoming a suitable source of energy for our sunny island.

Does Singapore offer solar panel rebates?

While Singapore doesn’t currently offer direct solar panel rebates for private homeowners, there are numerous financial mechanisms and incentive programs that make solar adoption affordable and beneficial.