An Interview with an Entrepreneur Who Saved P100K/month on Electricity Expenses
Solar Digital Squad
Manila, Philippines
February 11, 2019
Take a look at the trend in C&I
Electric prices are constantly increasing. On the other hand, the cost of buying and installing a solar power system or solar panels in the Philippines is decreasing. Solar energy has become the most sustainable and cost-effective alternative for business owners in the last few years. In the Philippines, many owners of small and medium-sized companies are still in the process of understanding how solar power can make financial sense for their business. It is important to keep in mind that numerous Fortune 500 companies are already onboard with using solar power. Conglomerates and enterprises around the world have discovered and utilized the power from the sun, including big giant names such as Apple, Microsoft, Intel, Netflix, Cisco, Walmart, Target, IKEA, and many more. All these companies have embraced solar and reaped its results and benefits. It’s safe to say that solar power systems are wise, win-win, tested and proven investments on the global scale.
Savings for the business
“Businesses are zoning in on renewable energy and sustainability. It is now an advantage to market your business as renewable, and there is a significance and importance in that itself. On the other hand, the primary driver for most businesses is energy savings – to reduce their electric bills,” says Mike De Guzman, President of Solaric Corp., the leader in rooftop solar in the Philippines.
From the ROI perspective
Of course, energy savings from solar can be very substantial for businesses. Overall energy costs can be reduced by up to 75% by going solar. Research data shows that for businesses, buying and installing solar systems are similar to prepaying electric bills for 5 years. The benefits, however, run for a lifetime.
Let’s examine a cold storage facility
We visited a cold storage facility that installed solar with Solaric in year 2017 and asked entrepreneur Cesar Mercado some serious questions. Mr. Mercado’s cold storage warehouse had a monthly Meralco bill of about P580,000 per month. In discussing the details of solar savings and Return on Investment, he says, “A 5.5 million peso system for our cold storage facility, with net metering, results in a monthly electric bill of less than P480,000 each month. That’s 100,000 savings each month. The way I see it, that’s ROI in less than 5 years,” he grins, as he showcases the solar system online monitoring platform.
“A more detailed glance at the calculations will show that in under 5 years, we would have made that 5.5M back, and we will continue to reap the benefits of the solar system for the next 20+ years. If we are really going to examine the figures, after the system reaches ROI, it will actually give us P24 Million in savings for the next 20 years! There is no other win-win alternative. We can’t go wrong with solar.”
More reasons for your business to go solar
Solar panel systems are reliable and do not require too much maintenance. That means there are typically no monthly repair and maintenance costs. In addition, your business will adopt a green approach, and your company will be defined as environmentally responsible. The costs of solar power systems depend on the energy demands of the business. However, solar panel prices have decreased to more than 80% since year 2011. This makes it affordable and financially feasible for practically every business to go solar.
Choosing the right solar company
Selecting the right installation partner in the Philippines for solar panels is a decision that clients should make properly. You should consider the reputation of the solar provider. You should ask your friends and colleagues about their experience with the solar company. You should seek out testimonials. You should ask about the maintenance costs. Most importantly, however, you should choose a solar company that is recognized as industry experts with an extensive list of solar installs.
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. Solaric is now zoning in on corporate and industrial projects to offer them the same cost reductions. Solaric is the recognized leader in solar panel installations in the Philippines. The Solaric installers and engineers are well-known troubleshooting experts. They work hard to ensure that solar panel systems run efficiently and seamlessly, so that every single homeowner with rooftop solar can enjoy the benefits of clean and renewable power. Welcome to the new generation of solar and turning on the sun.
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Contact the solar experts
For more information on solar power systems and solar system installers and experts, click here.
For more information, please visit www.solaric.com.ph or email us at info@solaric.com.ph call 5040092 or 09178603141.
We will gladly explain to you how the system works, or schedule a survey so we can give you options for your new home or existing homes or businesses.
At Solaric, we Turn on the Sun.
Regina Rome is a solar analyst with the Solar Digital Squad Research.