RE promotion in Malaysia is based on the Small Renewable Energy Power (SREP) programme. Projects developed under the SREP programme are eligible for Pioneer Status (PS) or Investment Tax Allowance (ITA). These incentives have been provided from 2001 but have been enhanced over the years. The government has expanded the scope of RE to include PV generated power and has extended the range of fiscal incentives (in national Budgets for 2008 and 2009) to promote the adoption of GC-BIPV as well as other forms of RE and EE.
Types of Incentives
The incentives offered under the annual budget can be divided into two main categories: