2026 Solar Incentive Update
Singapore continues to support solar adoption through various programs. Here's the current landscape:
Grid Integration Program (GIP)
Export your excess solar power to the grid at S$0.20/kWh. The GIP ensures you get paid for every unit of electricity your system generates but doesn't use immediately.
Enhanced Central Provident Fund (CPF) Green Schemes
New in 2026, CPF members can use Ordinary Account funds for solar installations on private properties, making solar more accessible to more homeowners.
Green Building Incentives
Properties achieving Green Mark certification receive:
- Up to S$3 million for large developments
- Faster development approval processes
- Reduced property tax for certified buildings
Business Tax Benefits
Companies installing solar can claim:
- 100% first-year capital allowances
- Investment allowance of 30% on qualifying equipment
- Enhanced tax deductions for green R&D
Bank Green Loans
Major banks offer preferential solar financing:
- OCBC Eco-Care Loan: From 2.88% p.a.
- DBS Green Renovation Loan: Up to 10-year tenure
- UOB Green Loan: Flexible repayment options
Application Process and Timeline
Navigating solar incentives in Singapore requires coordination across multiple agencies:
Step 1: Pre-Installation (Week 1)
- Obtain quotation from BCA-registered contractor
- Confirm roof structural suitability (BCA requirement)
- For condos: Submit MCST proposal with payback analysis
Step 2: SP Group Application (Week 1-2)
- Submit grid connection application via SP Group's online portal
- Include single-line diagrams and equipment datasheets
- Pay application fee (typically S$100-300 for residential)
Step 3: EMA Notification (Week 2)
- Submit embedded generator notification to EMA (for systems under 1 MWAC)
- No approval required, but registration is mandatory
Step 4: Installation (Week 3-4)
- Work performed by Licensed Electrical Worker (LEW)
- BCA structural inspection if required
Step 5: Inspection & Activation (Week 4-5)
- SP Group conducts technical inspection
- Bidirectional meter installed
- GIP export registration activated
Tax Benefits for Businesses
Companies enjoy more substantial incentives than residential customers:
- 100% Write-Off: Capital allowances claimed in the first year under Section 19A of the Income Tax Act
- Investment Allowance: 30% additional allowance on qualifying equipment costs under the Energy Efficiency Improvement Assistance Scheme
- Carbon Tax Offset: From 2024, companies paying carbon tax can offset emissions through on-site solar generation
Financing Comparison (2026 Rates)
| Provider | Rate (p.a.) | Max Tenure | Min/Max Amount |
|---|---|---|---|
| DBS Green Renovation Loan | 2.68% | 10 years | S$5,000 - S$50,000 |
| OCBC Eco-Care Loan | 2.88% | 8 years | S$10,000 - S$100,000 |
| UOB Green Loan | 3.15% | 7 years | S$5,000 - S$30,000 |
| Maybank Green Financing | 3.25% | 5 years | S$10,000 - S$200,000 |
| CPF Ordinary Account | 2.5% | N/A | Subject to CPF Board limits |
Note: Rates subject to change. Green loans often require BCA Green Mark certification or solar vendor accreditation.
Property-Specific Incentive Access
HDB: No direct incentives for individual installations, but benefit from SolarNova through reduced S&CC. Some HDB towns piloting community solar subscription models.
Condo: MCST can claim Green Mark incentives. Reduced maintenance fees benefit all owners. Some districts offer additional URA incentives for green buildings.
Landed: Full access to all available incentives. CPF usage permitted for energy efficiency improvements. Green loans widely available. Some landed estates in mature towns (Katong, Serangoon Gardens) have seen property value premiums of 3-5% for solar-equipped homes.
Maximize Your Benefits
Argyle Solar stays current with all incentive programs. We'll ensure you claim every benefit available to maximize your solar investment.
Updated Incentive Landscape 2026
Singapore's solar incentive framework has evolved significantly. The Energy Market Authority continues to support distributed generation through the Grid Integration Program, while the Building and Construction Authority has enhanced Green Mark criteria to prioritize renewable energy. The SolarNova programme has expanded its target, accelerating deployment across public sector buildings and HDB estates.
Enhanced Net Metering Terms
Recent policy updates have improved net metering arrangements for residential consumers. The crediting mechanism now operates on a more favorable basis, with excess energy valued at retail rates rather than wholesale. This change improves the economics of slightly oversized systems that generate more than immediate consumption during peak daylight hours.
Commercial Sector Incentives
Businesses benefit from multiple overlapping incentives. The Resource Efficiency Grant for Energy supports manufacturing and data center solar installations with funding up to 50% of qualifying costs. The Enterprise Sustainability Programme provides capability development support for SMEs adopting clean energy solutions. These programmes complement standard tax depreciation allowances.
Application Assistance
Navigating the various incentive schemes requires expertise. Argyle Solar provides comprehensive application support, ensuring clients maximize available benefits. Our team stays current with policy changes from EMA, BCA, EDB, and other agencies, identifying new opportunities as they emerge.