The power of the sun is for everyone
Is there a difference between solar for business and solar for homes?
There are residential solar projects, which are for homes. There are also commercial solar projects, which are for businesses. By comparison, both types of solar projects differ in terms of costs, size or scale, and renewable energy goals. Residential solar is typically installed by homeowners who are looking to reduce their monthly electricity expenses and generate significant money savings. On the other hand, commercial solar requires a major business decision and investment with a primary focus on the long-term financial and environmental impact.
How much does residential solar typically cost in the Philippines?
There is no simple, uniform answer to this question because there really is no such thing as an average typical solar panel system. Solar systems are customized for every home or household. The size of the solar system will depend on a variety of factors such as roof size, power consumption, electricity expenses, sun exposure, roof type, and even budget. However, there is data that shows that the most commonly purchased solar panel system size in the Philippines is the 5kWp Grid Tie Solar. Let us examine this type of solar solution.
Let’s go 5kWp
If the homeowner were to choose the cheapest type of solar panels available in today’s market, then he would select the basic option, which would be the 270-watt (270W) polycrystalline solar panels. The homeowner would then opt for 20 pieces of the 270W solar modules, which would be equivalent to a solar system size of 5.4 kWp (kilowatt peak).
Savings and Return On Investment
The average statistic per solar panel is an average monthly savings of Php400. With that in mind, 20 panels, or a 5kWp system, would give you savings of about Php8,000 each month. Now let’s break it down in terms of numbers and ROI. The system cost of a 5.4kWp is about Php380,000. If monthly savings is Php8,000, then ROI will be achieved in four years.
“It’s 2020 and we are now on the brink of a renewable decade. Solar tech is affordable and financially feasible. The demand is high. Everyone is getting on board. It is not just about being a “wise investment” choice – it’s also about being a “combat climate change” choice. This decade isn’t about just savings and ROI anymore. It’s about carbon footprint and the environmental impact and climate change. In essence, solar isn’t about us and efficiency anymore. It’s about our planet’s future,” said Jade De Guzman, the Vice President of Solaric, the recognized leader in the solar rooftop in the Philippines.
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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Contact the solar experts
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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.