Financial Blog

Electricity bills are no joke in the Philippines. Between the scorching summer months, the rising cost of power, and our growing dependence on appliances, it’s no surprise that many Filipino households are looking for smarter ways to cut down on monthly expenses. One solution that’s been catching on? Solar panels.

It’s not just a trend, it’s a shift in how families are thinking about energy, and it makes a lot of sense, especially now that banks are offering solar mortgage options that make this upgrade easier to afford.

Why Go Solar In the Philippines?

The Philippines is one of the best countries in the world in terms of sunlight. On average, the Philippines gets around 4.5 to 5 hours of peak sunshine every day. That’s plenty of natural power just waiting to be used. It also means solar panels can work efficiently year-round in most parts of the country. 

Aside from the technical aspects, there is the reality of rising electric rates. It’s common for households to pay ranging from ₱3,000 to ₱6,000 per month in electricity alone, depending on usage. With solar panels, you could significantly lower that amount, or even eliminate it if your system covers your full energy needs.

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But Isn’t It Expensive to Install Solar Panels?

The usual concern when it comes to solar panels is that they’re expensive and inaccessible to the local market, and it’s valid. Installing solar panels isn’t cheap, but it is an investment. 

However, with Security Bank’s Solar Mortgage, you can combine the cost of solar panels with your home loan, whether you’re buying a new property, building a home, renovating, refinancing, or even topping up an existing loan. Instead of paying for the solar panels upfront, you can spread the cost out with your home loan.

How It Works:

• Property Acquisition + Solar Panel Purchase– Buying a new house? Add solar panels from day one.
• Construction or Renovation + Solar Panel Purchase– Building your dream home? This is the perfect time to make it energy-efficient.
• Refinancing + Solar Panel Purchase– Already have a mortgage? Refinance and include a solar upgrade.
• Home Equity Loan for Solar Panel Purchase– Use your property’s value to finance a solar setup.

Top-Up of an existing loan for Solar Panel Purchase– Already paying a home loan? Add solar with a top-up loan.​

Why This Matters for Most Filipino Families

Let’s be honest, solar isn’t just about the environment anymore. It’s also about budgeting smarter. The money you save on bills every month can go toward other essentials like education, groceries, or even your next family vacation.

Plus, homes with solar setups are becoming more attractive in the real estate market. It’s a feature that adds value and makes your property stand out if you ever decide to sell.

And from a lifestyle perspective, knowing your home runs on clean, renewable energy just feels better. It’s a step toward sustainability that your kids will grow to appreciate.

Final thoughts

Going solar used to be something only big houses or businesses could afford. But today, with financing options like Security Bank’s Solar Mortgage, regular families can finally make the switch.

So if you’re planning to buy, build, or renovate your home, or if you’re simply looking to save on bills, it might be time to let the sun do some of the work.