At Nativ Techniks, we believe that switching to solar energy should be easy, affordable, and stress-free. But we also understand that setting up a solar system can feel overwhelming when you think about the costs involved. That is why we are here to make your journey into the solar world smooth and exciting.
In this blog, we are going to explain the three main ways you can finance your solar dreams with loans, leases, and PPAs (Power Purchase Agreements).
Why Go For Solar Energy in the Philippines?
Before we get into the financing options, let us talk about why Filipinos are now choosing solar.
1. Abundant Sunshine
The Philippines gets around 4.5 to 5.5 kilowatt hours of sunshine per square meter every single day. That is like having a free energy shower from the sun almost all year round, and solar panels are really effective in the tropical climate.
2. Rising Electricity Costs
In case you have not noticed, electricity prices in the Philippines are among the highest in Asia. In 2024, the average rate is around ₱11.50 per kilowatt hour. Solar power can help you slash those high bills dramatically.
3. Government Support
The Philippine government is serious about promoting renewable energy. Programs like the Green Energy Option Program (GEOP) and net metering allow you to take control of your electricity and even sell excess power back to the grid.
Solar Financing: Your Three Main Choices
Let’s talk about your solar installation payments. Here are the three main options:
1. Solar Loans
A solar loan is exactly what it sounds like. You borrow money to buy your solar system, then pay it back over time in easy installments.
How it works:
- You own the system from day one.
- You can pay a small down payment or sometimes none at all.
- Monthly payments are usually lower than your previous electricity bills.
Why go for a loan:
- You qualify for government incentives like net metering.
- The system increases your property value.
- Once the loan is paid off, you enjoy free electricity for years.
Things to think about:
- You need to be creditworthy.
- You are responsible for maintenance (but do not worry, we at Nativ Techniks will be there to offer help to you).
2. Solar Leases
If you want the benefits of solar without the responsibility of owning the system, a lease might be perfect for you.
How it works:
- We at Nativ Techniks can install the solar panels on your roof.
- We remain the owner of the system.
- You pay a fixed monthly amount, usually lower than your electricity bill.
Why lease:
- No big upfront cost.
- No worrying about repairs or maintenance, we can handle it all.
- You enjoy immediate savings.
Things to consider:
- You do not own the system.
- The lease usually lasts between 10 and 25 years.
- If you move, you may need to transfer the lease to the new owner.
3. Power Purchase Agreements (PPAs)
A PPA is like a lease, but slightly different. Instead of paying to use the panels, you only pay for the electricity they produce.
How it works:
- We at Nativ Techniks install and maintain the solar system for you.
- You pay us a set rate for the electricity you use.
- This rate is often cheaper than what your local utility charges.
Why choose a PPA:
- Zero upfront investment.
- You only pay for what you use.
- No maintenance worries.
Things to know:
- You do not own the system.
- The contract usually runs 15 to 25 years.
- Some PPAs allow the system’s ownership to be transferred to the client at the end of the contract.
Choosing between a loan, lease, or PPA depends on your goals, budget, and lifestyle. Remember, Nativ Techniks is always ready to offer a free consultation to figure out what works best for you.
Conclusion
Going solar is not just about saving money. It is about creating a better world for our children, supporting our local economy, and taking control of our energy future.
Nativ Techniks is more than just a solar company. We are your partners in building a brighter, greener Philippines one rooftop at a time.
Whether you want a loan, a lease, or a PPA, we have got you covered with smart solutions that make sense.
So why wait?
Take the first step today.
Let us light up your home, your business, and your life with the power of the sun.
Contact us for any further clarifications by calling +639176310032 or by writing to us at wecare@nativtechniks.com
Also read our other blogs
The Rise of Battery Energy Storage: A Game-Changer for the Renewable Industry
The Evolution of Green Buildings: How Architecture is Embracing Renewable Energy
How Bifacial Solar Modules Work & Their Growing Popularity in the Philippines
Why the Philippines is Becoming a Solar Power Hub in Southeast Asia
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