Why should Filipino companies switch to solar energy?
- Significant cost savings
- Energy independence and reliability
- Government incentives
- Environmental responsibility
- Improved brand reputation
overview
- Solar energy allows businesses to reduce their dependence on utilities and save up to ₱70,000 monthly and ₱840,000 annually.
- By installing solar systems, companies can secure energy costs for the next 20 to 25 years, ensuring long-term financial stability.
- The Philippines experiences power outages 20 to 30 times a year, which can disrupt business operations.
- Solar power paired with battery storage ensures that businesses can continue to operate smoothly even during outages, reducing downtime and potential lost revenue.
Just like various renewable resources, solar energy has changed the way companies approach energy consumption. For Filipino businesses in particular, adopting solar energy is more than just a trend – it is a game-changing investment.
Now, as a business owner, you may be wondering why Filipino businesses should switch to solar energy. The answer lies in the undeniable benefits it brings. That’s why in this article we’ll introduce you to these benefits and show you how Solaric – the leading solar provider in the country – can help you make the transition to solar energy faster and better.
Significant cost savings
By generating electricity using solar panels, you reduce your dependence on utilities and protect yourself from ever-increasing electricity prices. Businesses that use an average of 10,000 kWh per month – such as medium-sized manufacturing facilities or large office buildings – can save around ₱50,000 to ₱70,000 per month after switching to solar energy.
Over a year, this represents savings of up to ₱840,000, funds that can be redirected to other important business needs such as marketing or equipment upgrades.
Another big advantage is the financial predictability of solar power. Electricity tariffs in the Philippines have historically fluctuated and often trended upwards. With the help of these panels you can secure your energy costs for the next 20 to 25 years.
With Solaric, we help you design and install systems tailored to your energy consumption, ensuring you maximize your savings. This is not just to reduce costs; It is a long-term strategy to increase profitability and business growth.
Energy independence and reliability
Power outages are a recurring challenge in the Philippines. In some areas, an average frequency of outages of around 20 to 30 times per year is reported. These outages can disrupt operations, delay productivity and result in lost revenue, especially for businesses that rely heavily on consistent power supply, such as manufacturing plants, restaurants and IT service providers.
With solar energy, you can finally say goodbye to unpredictable downtime by combining solar panels with battery storage systems. These systems ensure that your company continues to operate even in the event of failures and that important processes run smoothly.
Government incentives
The Philippine government offers various incentives to encourage businesses to adopt solar energy, significantly reducing installation costs and increasing overall returns. Here are some of them:
- Net Metering Program: Companies can sell excess energy generated by their solar panels back to the grid, helping offset future electricity costs and enabling greater energy efficiency.
- Tax Exemptions: Businesses can benefit from customs exemptions for importing solar equipment and income tax exemptions, reducing the upfront investment required for solar installation.
- Renewable Energy Act of 2008: This law provides several incentives, including tax credits, and encourages companies to integrate renewable energy solutions by providing additional benefits for installing solar systems.
- Investment Tax Exemption: Businesses using solar may qualify for tax exemptions of up to seven years depending on the type of business and location, helping to reduce the long-term financial impact of adopting solar.
Environmental responsibility
Switching to solar energy isn’t just about saving money and ensuring reliable power – it’s also an opportunity for your business to demonstrate its commitment to the environment. Their use helps reduce harmful emissions and dependence on fossil fuels, which is crucial in the fight against climate change.
This commitment to environmental responsibility can be a strong differentiator for your company. Consumers, investors and partners, for example, are increasingly drawn to companies that prioritize sustainability.
In fact, a recent study showed that 66% of consumers are willing to pay more for products and services from environmentally conscious companies. By adopting solar energy, your business can position itself as a forward-thinking, eco-friendly brand and build trust and loyalty with customers who value sustainability.
Improved brand reputation
Customers today are placing more value on sustainability, and adopting solar energy shows your commitment to protecting the environment. This can increase the likelihood that customers will support your business and increase their loyalty, which can lead to more sales and growth.
Using solar energy can also help boost your public image and attract positive attention from media and potential customers. It shows that your company cares about sustainability, which could lead to new partnerships and opportunities with other environmentally conscious organizations.
Key to take away
If you are still wondering why Filipino businesses should switch to solar energy, the benefits are clear. This game-changing opportunity can set your company apart from all others in the same industry. From significant cost savings and energy independence to valuable government incentives, going solar is a smart decision that will help your business stay competitive and sustainable.
Ready for the next step? Solaric is here to guide you through the process. We offer expert advice, efficient installations and ongoing support to ensure your business maximizes its solar potential. Contact us today for a free consultation and enjoy the benefits of solar energy!
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