As the global shift towards renewable energy gains momentum, businesses in the Philippines are exploring innovative ways to reduce their environmental footprint and embrace a greener future. Many businesses switch to solar solutions from the best solar panel providers in the Philippines.
Many companies made a smart switch to cut costs and also enjoy the incentive of using solar panels in the Philippines. In this blog, we will walk you through the incredible incentives for using solar panels in the Philippines, which will encourage you to install one from the best solar company.
1. Cost Savings and Energy Efficiency:
One of the most compelling incentives for businesses to invest in solar panels in the Philippines is the significant cost savings they offer. The Philippines, blessed with abundant sunlight throughout the year, provides an ideal environment for harnessing solar energy.
By installing solar panels, businesses can tap into this renewable resource to generate their own electricity, reducing their reliance on conventional power sources. This translates into lower monthly energy bills, freeing up capital for other strategic investments.
Furthermore, high-quality solar panels enhance energy efficiency by providing a sustainable and consistent power source, reducing the risk of downtime and operational disruptions. Plus, entrusting your installation to a team of high-quality engineers, guarantees you hassle-free and reliable panel support all throughout.
If you are looking for a reliable and best solar panel company in the Philippines, Solar Tech Power Inc., is the best to consider. Check out our socials for more updates about how helpful our products and services are.
2. Government Incentives and Subsidies:
The Philippine government is actively promoting the adoption of solar energy through various incentives and subsidies. Businesses that invest in solar panels in the Philippines may be eligible for the net metering program, allowing them to sell excess energy back to the grid and receive credits on their electricity bills. Additionally, there are tax incentives and exemptions in place to encourage businesses to embrace renewable energy solutions.
Based on the Renewable Energy Act of 2008, the Philippine government provides incentives for the use of solar energy.
Incredible incentives that Filipinos can enjoy from the government:
- Developers of renewable energy are eligible for an Income Tax Holiday for the FIRST SEVEN YEARS of operation.
- They also benefit from a zero percent value-added tax on any fuels and solar-generated electricity on commercial and developmental undertakings:
- Purchase of local supply of goods, properties, and services needed for the development
- Construction and installation of plant facilities
- Exploration and development of solar energy sources up to their conversion into power
- Employment of subcontractors and contractors
- Solar-power facilities are entitled to SOLAR REBATES from the government
- These are given through a “cash generation-based incentive per kilowatt-hour rate generated, equivalent to 50% of the universal charge for the power needed to service missionary areas where it operates the same, to be chargeable against the universal charge for missionary electrification.”
- Your business is a NATIONAL PRIORITY meaning the government prioritizes all purchases and processes related to the field.
These are just a few benefits from the government. There are also incentives from the local government, especially in Visayas in Mindanao.
The availability of these government incentives not only makes the initial investment in solar panels more attractive but also contributes to the overall economic and environmental sustainability of the country.
3. Environmental Stewardship and Corporate Social Responsibility
In an era where consumers are increasingly conscious of a company’s environmental impact, adopting solar panels can be a powerful statement of commitment to sustainability. Businesses that integrate solar energy into their operations contribute to the reduction of greenhouse gas emissions, mitigating climate change and preserving the environment.
This aligns with the growing consumer demand for environmentally responsible products and services. Embracing solar energy not only positions your business as a socially responsible entity but also opens up new avenues for marketing and brand differentiation.
4. Reliability and Independence
The Philippines is no stranger to energy challenges, with occasional power outages and fluctuations in the grid. By investing in solar panels, businesses can ensure a reliable and consistent power supply, reducing the vulnerability to grid failures.
Solar energy systems come equipped with backup storage solutions, allowing businesses to operate seamlessly even during power outages. This independence from traditional power sources enhances business continuity and minimizes disruptions, especially critical for industries that rely heavily on uninterrupted power supply.
5. Technological Advancements and Integration
The solar industry in the Philippines has witnessed significant technological advancements in recent years. Solar panels are now more efficient, durable, and cost-effective than ever before. Businesses can leverage these innovations to optimize their energy production and maximize returns on investment.
Furthermore, many solar companies in the Philippines offer integrated solutions, combining solar panels with smart technologies for efficient energy management. Investing in the latest solar technology positions your business at the forefront of innovation, showcasing a commitment to staying ahead in a rapidly evolving business landscape.
Make A Smart Switch to Solar Panels from the Best Solar Panel Company
When considering the adoption of solar panels for your business in the Philippines, it’s crucial to partner with reputable solar companies. Conduct thorough research to identify the best solar panel providers in the Philippines, ensuring that you choose a company with a proven track record of delivering reliable and efficient solar solutions.
Look for a solar company that offers comprehensive services, from initial consultation and system design to installation and maintenance.
The incentives of using solar panels in your business in the Philippines extend far beyond the environmental impact. From substantial cost savings and government incentives to enhanced corporate social responsibility and technological advancements, the adoption of solar panels aligns with the evolving landscape of sustainable business practices.
By embracing solar energy, businesses can not only contribute to a greener future but also position themselves for long-term success in a world that increasingly values environmental stewardship.
At SolarTech Power, we are offering consultation and assessment of your property. Our team of highly skilled engineers will guarantee a quality installation of the panels. We will provide a one-year panel maintenance, a 5-year warranty, and reliable after-sale support.