Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion

<p>The situation of solar energy in Malaysia is examined in this article, with a focus on solar photovoltaic (PV) installations in Malaysian homes. It examines Malaysia's historical solar energy initiatives in terms of R&D, deployments, and national policy during the previous two...

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Autores principales:	Md Muhibbullah, Rafia Afroz, Jarita Duasa
Formato:	article
Lenguaje:	EN
Publicado:	EconJournals 2021
Materias:	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/fb72d472260344388989b4c620d7792a
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spelling	oai:doaj.org-article:fb72d472260344388989b4c620d7792a2021-11-12T07:27:32ZSolar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion2146-4553https://doaj.org/article/fb72d472260344388989b4c620d7792a2021-11-01T00:00:00Zhttps://econjournals.com/index.php/ijeep/article/view/11750https://doaj.org/toc/2146-4553<p>The situation of solar energy in Malaysia is examined in this article, with a focus on solar photovoltaic (PV) installations in Malaysian homes. It examines Malaysia's historical solar energy initiatives in terms of R&D, deployments, and national policy during the previous two decades, all of which have affected PV installation in the country. The New Energy Metering system (NEM) policy, as well as a cost-benefit analysis of PV installations for Malaysian homes are addressed. A preliminary survey of public opinion was performed to better understand public perceptions of clean energy policies and advantages, as well as an evaluation of public willingness to join in the NEM policy by installing PV on their homes. The NEM policy will give a reasonable return on investment, according to the cost-benefit analysis. While PV solar energy has the potential to be a viable alternative, Malaysian families face a number of challenges, including high costs, a lack of physical and financial resources, a lack of expertise, and a lack of social support. According to the survey, the majority of respondents are ignorant of the government's clean energy subsidies and strategies, and are unable to participate in the NEM policy.</p><p><strong>Keywords</strong>: New Energy Metering (NEM), Solar PV, Cost-Benefit Analysis, Clean Energy, Malaysia</p><p><strong>JEL Classifications: </strong>O13; O33; D12; Q21; Q56</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11750">https://doi.org/10.32479/ijeep.11750</a></p>Md MuhibbullahRafia AfrozJarita DuasaEconJournalsarticleEnvironmental sciencesGE1-350Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENInternational Journal of Energy Economics and Policy, Vol 11, Iss 6, Pp 454-464 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5 Md Muhibbullah Rafia Afroz Jarita Duasa Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion
description	<p>The situation of solar energy in Malaysia is examined in this article, with a focus on solar photovoltaic (PV) installations in Malaysian homes. It examines Malaysia's historical solar energy initiatives in terms of R&D, deployments, and national policy during the previous two decades, all of which have affected PV installation in the country. The New Energy Metering system (NEM) policy, as well as a cost-benefit analysis of PV installations for Malaysian homes are addressed. A preliminary survey of public opinion was performed to better understand public perceptions of clean energy policies and advantages, as well as an evaluation of public willingness to join in the NEM policy by installing PV on their homes. The NEM policy will give a reasonable return on investment, according to the cost-benefit analysis. While PV solar energy has the potential to be a viable alternative, Malaysian families face a number of challenges, including high costs, a lack of physical and financial resources, a lack of expertise, and a lack of social support. According to the survey, the majority of respondents are ignorant of the government's clean energy subsidies and strategies, and are unable to participate in the NEM policy.</p><p><strong>Keywords</strong>: New Energy Metering (NEM), Solar PV, Cost-Benefit Analysis, Clean Energy, Malaysia</p><p><strong>JEL Classifications: </strong>O13; O33; D12; Q21; Q56</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11750">https://doi.org/10.32479/ijeep.11750</a></p>
format	article
author	Md Muhibbullah Rafia Afroz Jarita Duasa
author_facet	Md Muhibbullah Rafia Afroz Jarita Duasa
author_sort	Md Muhibbullah
title	Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion
title_short	Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion
title_full	Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion
title_fullStr	Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion
title_full_unstemmed	Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion
title_sort	solar photovoltaic panels in malaysian homes: an economic analysis and survey of public opinion
publisher	EconJournals
publishDate	2021
url	https://doaj.org/article/fb72d472260344388989b4c620d7792a
work_keys_str_mv	AT mdmuhibbullah solarphotovoltaicpanelsinmalaysianhomesaneconomicanalysisandsurveyofpublicopinion AT rafiaafroz solarphotovoltaicpanelsinmalaysianhomesaneconomicanalysisandsurveyofpublicopinion AT jaritaduasa solarphotovoltaicpanelsinmalaysianhomesaneconomicanalysisandsurveyofpublicopinion
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Solar Photovoltaic Panels in Malaysian Homes: An Economic Analysis and Survey of Public Opinion

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