Homeowners installing rooftop solar through Verdant Solar will receive built-in protection under a new partnership with Tune Protect Malaysia.
The offering combines Verdant Solar’s residential solar installation services with insurance from Tune Protect Malaysia under a single package.
The companies said it is Malaysia’s first integrated residential solar and protection model.
The package covers accidental loss or damage from events such as storms and fire, as well as lost electricity savings caused by downtime linked to insured damage.
The companies said this is meant to reduce concerns over system damage, disruption and financial risk, while removing the need for homeowners to buy separate cover.
The launch comes as Malaysia pushes ahead with its energy transition through initiatives such as the Solar Accelerated Transition Action Programme, or Solar ATAP.
Tune Protect Malaysia’s Hans-Joachim Zimmermann, said,
“At Tune Protect, we believe insurance plays an important role in enabling sustainability by empowering people to adopt greener solutions confidently.
Integrating protection into solar installations aligns with our Sustainability tagline, ‘In Tune for a Better Tomorrow,’ and reinforces our commitment to embedding ESG principles into our business and customer experience.”
Verdant Solar CEO Zeth Lim said,
“With more than 97% of Malaysian households yet to install solar despite abundant sunlight and supportive initiatives such as Solar ATAP, this collaboration aims to make solar a more secure, accessible and attractive option for homeowners seeking both environmental and long-term financial benefits, while supporting Malaysia’s National Energy Transition Roadmap target of achieving 70% renewable energy capacity by 2050.”
Malaysia is targeting 70% renewable energy capacity by 2050, with residential solar expected to play a larger role.
The companies said Solar ATAP is helping support household adoption by allowing homeowners to size systems based on actual energy needs.
Tune Protect said the partnership also aligns with its broader sustainability agenda, including its net zero roadmap for Scope 1 and 2 emissions by 2050 and its zero-coal underwriting commitment introduced in August 2023.
