Solar energy in the Philippines has become the top renewable choice all over the world since it is sustainable and cost-effective – especially now with the constantly rising electricity prices. Additionally, the cost of purchasing and installing a solar power system or solar panel system has fast become a wise and sound business investment, considering that entrepreneurs make their money back in five years, then profit from the investment for the next 20 years. What many businessmen have to understand is this: installing a solar panel system may seem like a significant investment initially, but it can provide multiple long-term advantages.
Energy Cost Savings
“It is not just about reducing utility bills. There’s a much larger picture and it involves the planet and the future. It’s about clean, sustainable, renewable energy and how important it is,” said Jade De Guzman, Vice President of Solaric Corp., the recognized leader in rooftop solar in the Philippines. “The energy savings from a solar system are substantial. A solar system owner in the Philippines can reduce power costs from 35% to 75% by going solar. The typical 100kWp rooftop grid-tie commercial solar installation yields savings of an estimated Php1.2 Million per year, and that is a conservative figure.”
Outright purchase or PPA?
There are two options for businesses. One is to do an outright purchase of the solar panel system, which is known to be the wiser and more ROI-savvy option. Second is to enjoy the benefits of solar without making an investment through what is called a Power Purchase Agreement (PPA). In this arrangement, the solar provider supplies energy to the client under terms and conditions, at an agreed-upon rate, for a period of time such as 25 years. The PPA approach has helped non-profits achieve energy savings over the long-term.
Outright purchase stats
Solar Digital Squad data reflects that businesses pay off their solar power system outright purchase investments within three to seven years. It is after achieving ROI that businesses can actually reap the benefits and enjoy free electricity for the next 20 years and more.
“Buying and investing in a solar power system is like buying 20 years of electric bills on prepaid. At very, very low rates. On top of that, solar panels usually come with 25-year performance guarantees. It’s a no-brainer. It’s a win-win business decision all the way around,” said Solaric President Mike De Guzman. “On top of all that, solar power systems are very low maintenance. The system just needs to be cleaned typically once a year. The most important advantage for the business is NOT the savings, though. It’s about avoiding non-renewable energy sources. It’s about the battle against climate change. It’s about being environmentally aware and responsible. It’s about supporting green business goals and creating an impact.”
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.
Do you know anyone who is interested in installing rooftop solar? Help them out by sharing this article with them! Click SHARE.
Contact the solar experts
For more information on solar power systems and solar system installers and experts, click here.
If you also want to #TurnOnTheSun then give us a call at 5040092 or 09178603141 or 09083775577, email email@example.com or visit www.solaric.com.ph
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.