How do you choose a solar company in the Philippines?
- Financing options and ROI calculation
- Government incentives and rebates
- Company experience and reputation
- Installation process and warranties
- Quality of solar panels and equipment
- After-sales service and maintenance
Overview
- Choosing the right solar company in the Philippines is crucial for a successful solar system installation.
- Factors to consider include company experience, reputation, licenses, certifications, and customer references.
Investing in solar power can help the Philippines address rising electricity costs and frequent outages. Solar energy provides a clean, renewable solution that reduces fossil fuel reliance and environmental impact. The country can stabilize energy prices, ensure reliable electricity, especially in remote areas, and create green jobs by leveraging solar power.
Thus, selecting a reputable solar provider tailored to your needs can be challenging. In this article, we will outline key factors on how to choose a solar company in the Philippines.
Financing Options and ROI Calculation
Financing options, such as term loans and leasing, allow you to spread the cost over time while benefiting from immediate savings on electricity bills. For instance, banks typically finance up to 70% of the project cost, making solar installations more accessible to a broader audience.
Calculating ROI is also equally important as it helps potential solar users like you assess the financial benefits of your long-term investment. Here’s an easy way how you can do this:
- Determine the total cost of the solar solutions, including installation and financing fees.
- Estimate annual savings on electricity bills after the installation.
- Calculate the payback period by dividing the total cost by annual savings.
- Assess the total savings over the system’s lifespan, typically 25 years for solar panels.
You can also use this formula for a more visual understanding:
Total Savings−Total Cost
ROI= —————————————– X 100
Total Cost
Government Incentives and Rebates
The Philippine government supports renewable energy, especially solar power, with incentives to make investments more accessible and financially viable. Key among these is the Renewable Energy Act of 2008, which significantly promotes solar energy through various incentives and rebates, including:
- Income Tax Holiday (ITH): Enjoy seven years of tax-free earnings to reinvest in your solar project.
- Tax Reductions and Zero VAT: Benefit from a lower corporate tax rate and zero VAT on local purchases after the ITH.
- Duty-Free Importation: Import solar equipment tax-free for ten years, reducing project costs.
- Cash Incentives: Earn additional income for powering remote areas through solar energy.
- Financial Support: Access loans and financing programs from government banks to fund your solar project.
To maximize these incentives, choose a company experienced with government programs that can guide you through the application process. Their expertise will ensure you meet all requirements effectively.
Company Experience and Reputation
Companies with a proven track record are more likely to provide quality service and reliable products. So look for companies that have been in the industry for several years and have completed a significant number of projects. Here are some ways on how you can do this:
Check Their Website and Social Media
Many solar companies showcase their completed projects and customer testimonials online. Look for a diverse range of projects, from residential to commercial installations.
Verify Licenses and Certifications
Ensure the company holds the necessary licenses and certifications to operate in the Philippines. This demonstrates their commitment to quality and adherence to industry standards.
Ask for References
Don’t hesitate to ask the company for references from previous customers. Then, you can contact these customers to inquire about their experience with the company.
Consider Industry Awards and Recognitions
Award-winning solar companies often demonstrate a strong commitment to excellence. By evaluating these factors, you can choose a reputable company that provides a high-quality system and exceptional service.
Installation Process and Warranties
Another thing tip on how to choose a solar company in the Philippines is to consider the installation process and warranties. The installation process directly impacts the safety, efficiency, and the solar system’s long-term performance. So ensure you partner with a company that follows best practices and industry standards.
The company should offer comprehensive warranties on the equipment and the installation work, protecting your investment for years to come. You can have confidence in the quality of your solar system and the long-term benefits it will provide in prioritizing the installation process and warranties.
Quality of Solar Panels and Equipment
Investing in high-quality solar panels from reputable manufacturers can significantly impact the long-term performance and cost-effectiveness of your solar system. This is particularly important if you plan to have them installed on the roof.
With quality solar panels, you don’t have to worry about heavy rain, strong winds, or extreme temperature fluctuations because they are designed to withstand harsh weather conditions and maintain optimal performance for many more years.
After-Sales Service and Maintenance
When choosing a solar company, prioritize their maintenance plans. A comprehensive plan includes regular inspections, cleaning, and timely repairs to ensure optimal system performance. Rapid response times for customer service requests are equally vital, minimizing downtime and maximizing your investment.
Consistent maintenance not only extends your solar system’s lifespan but also boosts its efficiency. Clean panels generate more electricity, translating to substantial savings on your electric bills. By selecting a company committed to strong after-sales support, you’ll enjoy the peace of mind that comes with knowing your system is in capable hands.
Key Takeaway
To choose the right solar company in the Philippines, focus on essential factors for a successful and sustainable investment. With the right partner, you can cut energy costs and support a greener future.
Ready to make a difference? Choose Solaric, the leading provider of solar solutions in the country. We offer top-quality solar panels and tailored installation services. Get your free quote today!