HOW MUCH MONEY WILL YOU SAVE WITH A 5KWP SOLAR SYSTEM?

HOW MUCH MONEY WILL YOU SAVE WITH A 5KWP SOLAR SYSTEM?

How to Know When It’s Time to Go Solar This 2019

Solar Digital Squad
Manila, Philippines
April 25, 2019

 

Fact tidbits about PH solar

The power capacity of solar systems in the Philippines used to be just 1 Megawatt (MW) on a yearly basis, from year 2005 to 2013. In 2014, solar power generation hit 17MW. In 2015, 139MW. In 2016, solar power hit 1,097MW. Then in 2017, 1,201MW. The power generated from solar tech is expected to triple in the coming years. The Philippines already hit more than 1 Gigawatt of total installed solar capacity in 2016, and the trend indicates this will continue to rise. A Rotterdam-based consultancy firm released a report in 2018 that the Philippines was expected to hit 3 Gigawatts by year 2022.

 

How much is solar this 2019?

As of summer 2019, the average cost of installing solar panels in the Philippines is approximately Php60 to Php80 per watt for residential clients. For commercial and industrial clients, the average cost of solar panel systems is Php50 to Php60 per watt. With electricity prices and the cost of living soaring, there’s never been a better time to go solar. Far from being a ‘one size fits all’ solution to your energy needs, there’s a solar PV system perfect for every home, business, and budget.

 

What is the ideal residential rooftop solar system?

The most recommended solar setup for homes is the Grid Tie System. This setup is perfect for homes in an area where stable power exists and is known to be the most efficient and fastest-ROI system. The grid tie provides solar power as the first priority power to be used during the daytime when the sun is shining the brightest. Solar power blends with grid power (electric company power). The grid tie system does not come with batteries and as such, is more cost effective. The excess or surplus power can be exported to the grid (or sold to the electric company via a program called “Net Metering”). This arrangement offsets night time power usage.

 

What exactly is a 5kWp solar system?

A 5kWp solar system is perfect for the average Filipino family. It is more popular than the 1.5kWp and 3kWp systems. The 5kWp system is commonly installed and fantastic for an average sized household with an average electricity bill of Php15,000. The 5kWp setup usually comes with 20 solar panels and one grid tie inverter. You would need to have the roof surveyed, to identify roof space and determine sun exposure, so that the solar panel system can be designed appropriately by engineers. Each panel is usually around 1.6m by 1m in size. The average monthly harvest (or, the power generated by the 5kWp solar system), is approximately 675kWh. Typically, a 5kWp solar system is suitable for families with daytime appliance usage of refrigerators, washing machine, TV, a few fans, gadgets, and a couple of aircons.

 

How much does a 5kWp solar system cost?

When it comes to solar PV systems, quality is closely tied to price. Good quality 5kWp solar systems range in price from Php300,000 to Php500,000, depending on the equipment brands and solutions that you select. It is also wise to ensure that your solar systems are protected. The system should come with warranty and client support, since it is in essence, an investment.

 

How much can I save?

A 5kWp solar system can save you about Php8,000 every month on your electricity, which equates to about Php100,000 every year in savings. These savings can now be used for more vital, critical, essential things such as education, insurance, or other investments. As with most products and systems, the quality of your solar system is directly related to how much money you will save. Higher, better, and more reputable solar systems are more efficient and therefore yield better results, providing higher returns on investment. All in all, installing a 5kWp solar system in your home translates to about Php5 Million in lifetime savings for one home.

 

Maintenance is easy, simple, hassle-free

Residential solar is basically low-maintenance. There is little effort required once the panels are installed. They’re easy, simple, and hassle-free. Solar installers usually provide a lifetime warranty and furnish homeowners with instructions on how to ensure that panels are working optimally. In addition, there are some solar companies that offer regular cleaning and maintenance on their panels at no cost to their clients, such as Solaric.

 

Turn on the sun

Solaric has established its name across the renewable industry as a proven and reputable rooftop solar leader. Solaric has installed more than 50% of residential rooftop solar and remains the number one choice for corporate and industrial solar projects in the Philippines.

 

For more information on solar power systems in the Philippines and solar system installations, click here. If you also want to #TurnOnTheSun then give us a call at 5040092 or 09178603141 or visit www.solaric.com.ph.

 

At Solaric, we Turn on the Sun.