“I want to go solar — but I can’t afford the upfront cost right now.”
I hear this regularly. And I want to be honest with you: it is a completely valid concern. Solar systems are not impulse purchases. A residential system in the ₱170,000–₱520,000 range requires planning and financial preparation.
But here’s what most people don’t realize: you don’t have to pay the full amount upfront. In fact, depending on your situation, you may be able to start saving on electricity with zero money out of pocket today.
Option 1: Solar Home’s Standard Payment Terms
Our default payment structure is already designed to spread the financial impact:
50% — Down payment upon signing of contract
25% — Upon delivery of major components
25% — Upon energization and system turnover
Example: ₱415,000 system = ₱207,500 down, ₱103,750 upon delivery, ₱103,750 upon completion. Your system starts saving the day it’s commissioned.
Option 2: Bank Financing — Use Your Bank’s Money to Earn Savings
Several major Philippine banks offer home improvement loans and multi-purpose loans that can be used for solar installations. This turns your solar investment into a monthly payment that is, in many cases, less than your current electricity bill.
Consider this scenario with a 10kWp Solis system at ₱415,000:
- Bank loan amount: ₱415,000 at 12% per annum over 5 years
- Monthly loan payment: approximately ₱9,200/month
- Monthly electricity savings: approximately ₱17,000/month
- Net monthly benefit from Day 1: +₱7,800/month in your pocket
You are literally making money from the first month — even while paying off the loan. And after 5 years when the loan is paid off, the full ₱17,000/month savings is entirely yours.
Banks that currently offer financing suitable for solar installations include BDO (Home Equity Loan), BPI (Home Loan), RCBC (Home Loan), and Pag-IBIG (for qualifying members). We can help guide you through the application process.
Option 3: The Power Purchase Agreement (PPA) — ₱0 Upfront, Zero Risk
This is our most innovative offering and the one that eliminates the financial barrier entirely. Under a Power Purchase Agreement, Solar Home installs and owns the solar system on your property at zero cost to you. You simply agree to purchase the electricity it generates at a rate lower than Meralco’s current tariff.
How it works:
- Solar Home finances, installs, and maintains the system — you pay nothing upfront
- You purchase solar electricity at a fixed rate (typically 15–20% below current Meralco rates)
- Your electricity bill is reduced from day one
- After the agreed PPA term (typically 10–15 years), the system may be transferred to you at a nominal cost or continued under a new agreement
The PPA option is ideal for homeowners who want to reduce their bills immediately without the upfront investment, or for businesses and institutions where capital allocation flexibility is important.
Option 4: Installment Plans and Partner Financing
We also work with financing partners to offer installment plans for qualified customers. Ask us about current availability when you schedule your assessment — terms and partner availability change regularly.
The Bottom Line on Financing
Between our standard payment terms, bank financing, and the PPA option, there is now a viable path to solar for virtually every budget level. The conversation about “can I afford solar” has shifted entirely — the more relevant question today is “can I afford NOT to go solar?”
And as we covered in my last email, the answer to that question is increasingly: no.
Ready to explore which financing option makes the most sense for your situation? Reply to this email or schedule a call — we’ll walk you through the numbers for your specific bill and property, completely free.
One more email is coming — and it’s the most important one in this series. Don’t miss it.