Solar rooftop installations make a perfect environmental and economic choice for the tropical Philippines. The Philippines has one of the highest electricity rates in the region, but it is also blessed with abundant sunshine. With only partial roof coverage by solar panels, most businesses and homes can generate all the energy they need with surplus energy that can easily be shared with the grid when it is needed the most.
Last summer, a number of red and yellow alerts were issued midday because the Luzon grid could not keep up with the increased demand due to the summer heat. Much needed energy was bought at peak rates of well above P15 pesos per kWh to keep the grid from collapsing. However, government policy still favors the use of diesel peaking plants and lucrative ancillary charge contracts to maintain these much-needed fossil-driven reserves. Leading countries are mandating that all new construction requires solar to mitigate climate change. In the Philippines as of today, less than 1% of the 1% available roof space has solar panels on them.
The Renewable Energy Act of 2008
The Renewable Energy Act of 2008 was set to encourage the use of renewable energy such as solar rooftops. However, the early adopters that went solar are at a gross disadvantage because of the valuation of Net Metering credits. Surplus solar energy is being purchased by the utility company at a blended generation charge, which is well below the average price of daytime electricity coming from a distant power plant. This surplus power gets used up within the immediate neighborhood, meaning there is virtually no systems loss. There have been double counting of profits from utilities stemming from padding the costs of energy sold from a solarized home to its next-door neighbor and usurious interconnection fees that can cost more than the solar panels themselves. More than 2,500 solarized homeowners and businesses are getting shortchanged by a tune of P49M a year by conservative estimates. In addition to questionable valuation of solar export, which is in contrary to the law and to global practices, there is an arbitrary maximum cap on the size of solar installations in order to qualify for the net metering program regardless if it is being used for a home or a large shopping mall.
Current prices of solar
The prices of solar installations have dropped by more than 92% since 2008. A Toyota Landcruiser costs more than the maximum 100kWp solar installation under net metering regulations. Many industry players and even government institutions are lamenting that the war on climate change is hamstrung by bygone protectionist regulations. If the Philippines wants to transition to the future, she has to walk on over to the renewable era and embrace the reality that we can no longer burn coal with wanton abandon.
Turning on the sun
At Solaric, we appeal to Filipino sensibilities of approachability, service and value. Before we give a quotation, we learn how you use energy. We determine the best ways to maximize your return on a hard-earned investment. We present different strategies to ensure that you achieve your solar goals. We want to ensure reduced expenses and increased savings so that you make that one-time wise business and environmental investment. We always do our best to deliver fast, efficient, and thorough customer service. We are in the business of not just selling solar panels – but also enabling solar-powered lifestyles. With this, we want to provide endless satisfaction by delivering Solaric Service Satisfaction, ranging from permanent reduction of electric bills to the ultimate ZERO bill.
Solaric is the leader in rooftop solar
Solaric has established its name across the renewable industry as a proven and reputable rooftop solar leader. Backed by decades of experience, Solaric has installed more than 50% of residential rooftop solar in the Philippines and has delivered significant cost reductions in electricity expenses, as well as milestone contributions to a cleaner, greener, and renewable future. We want every Filipino to enjoy the benefits of clean and renewable power. Welcome to the new generation of solar and turning on the sun.
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At Solaric, we Turn on the Sun.