Abstract
Malaysia is gearing towards renewable energy source and is blessed with an excellent geographical location, providing abundant solar energy. Improvement in solar panel efficiency and reduction in panel cost has made solar energy a very viable option for RE and is being adopted in utility-scale installation around the world with one of the lowest Levelized Cost Of Energy (LCOE) index. This study aims to determine the financial feasibility of a small-scale solar installation under Sustainable Energy Development Authority (SEDA) Feed-in Tariff (FiT) in UiTM Sarawak. A solar irradiance meter is used to intermittently measure solar power output at the targeted location. Analysis of collected data has shown that UiTM Sarawak has a median PSH of 4.44 h and a sustained maximum irradiance of over 1 kW/m2. Malaysia SEDA promotes RE by introducing FiT in 2011 and has been very popular with investors. Although FiT rate has been on the decline, a small–medium-scale solar PV installation in UiTM Sarawak shows promising results with ROI of less than four years and a 26.8% return per year over deployment cost.
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