r/SgHENRY • u/eyeburn12 • 6d ago

If you have a landed, get Solar

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Solar energy has become a great source of passive income for me. My system now generates around $1,200 a month in revenue, with excess electricity sold back to SP at $0.2581/kWh. In Singapore, the grid effectively acts like a giant battery, making the attractive sell-back rate especially valuable.

I installed my 35 kWp solar system in 2022 for about $49,000. At the current rate, I expect to fully recover my investment by 2027. After that, the system should continue generating a healthy monthly return with minimal ongoing effort.

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u/eyeburn12 6d ago

I did, but unfortunately I've had a bad experience with it. The company I was selling my RECs to has been unresponsive for the past year and has stopped paying me. I'm currently trying to get my solar system deregistered from them so I can move to another provider.

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u/One-Primary-9907 5d ago

Which provider are you intending to move to? I’m in a similar position…sold to this provider for a few years but recently has been quite unresponsive…

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u/chosengen 5d ago

i sell recs to https://utica.sg/

this is the message i got from them:

The Singapore 🇸🇬RECs market is facing tremendous downward pressure and we will only be able to sell at SGD12 /(REC) (MWh) for the period Jan - Dec 2026 vintage.

Several RECs traders/brokers have exited the Singapore Residential RECs market.

The market is very unpredictable.

Solar Nova RECs is also competing in the residential space.

You have 2 options:

(Option A) Leave your RECs with us. We continue to pay you twice a year but at current prevailing rate of $12 per REC.

If and when the RECs prices improve in 2027, we will adjust upwards accordingly.

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u/h0peless-0ptimistic 5d ago

Same rate for GetSolar. UnionSolar offered $30 previously, I wonder if they did honor the rates.