Peering into the cost per kWh of coal power plants vs. solar power plants
The Philippines and its renewable goals
The tropical archipelago is composed of around 7,641 islands and a population of over 105 million. The nation has defined and set climate change and renewable energy goals, but how far has it really gone in its efforts to reduce its dependence on coal sources of power? How serious is the country in the shift towards safe, clean, and sustainable energy technologies?
What’s happening now
In the course of the past few years, the Philippines has begun its journey in transitioning to a mix of renewable energy sources – a combination of distributed solar, wind, and other renewable energy sources. It was feasible not just economically, but also financially and environmentally, due to its long-term benefits. However, environmental advocates are all clamoring for clarity and resolution in regulatory concerns, barriers, and obstacles, in order to move forward in the RE roadmap.
Breaking it down to costs
The question is: how much does it come down to in terms of cost per kilowatt-hour (kWh)? The levelized cost is typically Php2.50 to Php4.00 per kWh. Rooftop solar delivers energy that is lower in cost than the traditional coal power plants. This is why renewable energy investments are streaming in from international organizations – because large scale commercial and industrial solar mini-grids and power plants can produce electricity at cheaper rates.
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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At Solaric, we Turn on the Sun.