4 Solar Energy Trends in the Philippines

The solar energy market in the Philippines has been growing exponentially since 2018. In fact, the Philippines Board of Investments (BOI) had approved eight solar projects that year. The Solar Philippines Commercial Rooftop Projects Inc. oversaw all eight that were equivalent to $1.65 billion.

Even though, as of today, the solar power industry is still on the nascent stage, it is expected to gain massive support from the government moving forward.

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Solar panels are becoming more accessible, for homeowners and businesses

The Philippines has hot and humid weather, which means households always require air conditioning. Thanks to the introduction of solar air conditioning, many homeowners can reduce their utility bills.

Some of the factors that will drive growth in the solar energy sector are the growing population, as well as the Philippines’ rapid economic development. When the Philippines succeeds in replacing diesel generators in most islands with solar energy, there will be a significant reduction in power outages.

Solar energy and other renewable energy sources will guarantee grid stability throughout the Philippines. Here are the four main trends in solar energy in the Philippines.

1. Accessibility for Private Households

A couple of years back, utility-scale solar was difficult to achieve due to the market’s regulatory changes. The price competition was too high, and only the largest capitalized developers could compete.

However, this is set to change because the new generation of renewable energy can now be distributed to private households. This ensures that each household can install a solar-powered air conditioner to reduce utility costs.

It is a huge win for homeowners and business people because they can now have more control over their energy consumption. Photovoltaic panels can be installed on the roofs of homes, apartment buildings, as well as business establishments.

This means that business owners can generate as much energy as they desire and even sell residual to energy supplies near them.

2. Significant Growth of Solar PV

The production cost of solar energy is expected to fall significantly between 2020 and 2025. As a result, solar will take first place for the cheapest source of energy in the Philippines.

The growth of photovoltaic systems in the Philippines will provide an immediate and more permanent solution to the country’s energy needs. The market is already registering a significant fall in the costs of photovoltaic cells.

Many households are jumping on this bandwagon and taking advantage of the affordability of solar power equipment. As a household in the Philippines, you greatly benefit from purchasing a solar air conditioner.

Residents are also adopting small-scale solar photovoltaic systems because the declined cost of PV technology makes financial sense.

3. Increased Grid Parity

The Philippines has a huge population, and without alternative sources of energy, the grid easily gets unstable. However, due to the introduction of renewable sources of energy like solar and wind, we can see a future where grid parity is guaranteed. Wind Tower has been a popular source of energy.

Since more private households can now depend on solar energy for their electricity needs, grid parity has steadily increased. Most households today use solar air conditioner to maintain a comfortable indoor environment. This is a highly cost-effective solution because solar energy is steadily getting cheaper than traditional energy sources.

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Not to mention that the overall cost of electricity from the grid is decreasing as well. This can be attributed to the contribution of solar PV. Technological advancements are ensuring manufacturers can produce solar panels with higher solar PV module efficiency.

This means that you can install a solar hybrid air conditioner at home without worrying about the running cost.

4. Storage

There are plans underway to develop solar-storage microgrids in the Philippines. When this plan succeeds, solar energy will play a huge role in improving environmental health, human health, as well as people’s quality of life.

This will be a huge step towards achieving Philippine’s national climate change, greenhouse gas emissions reduction and renewable energy goals. Solar energy production allows the Philippines to reduce its reliance on fuel. The transition to low-carbon energy sources like wind and solar opens up economic development opportunities from a climate perspective.

It is essential to pair solar systems with solar-storage because this boosts the positive impact solar energy has on the economy.

During spring and summer months, the Philippines experiences great solar generation. However, without a storage solution for solar energy, this energy cannot be saved for later. Storage prices are still very high, not only in Asia as a whole but the world over. There are already hybrid solar storage projects in place, but they’re nothing close to bulk solar storage.

One thing is certain though, the prices keep coming down, and more and more solar farms are springing up. Soon enough, the Philippines will be in a position to store solar energy and eliminate over-reliance on fuels.

Conclusion

Harnessing solar energy has ensured that many households in the Philippines can make it through hot and humid days. Solar air conditioners allow homeowners to achieve a comfortable indoor environment without digging too deep into their pockets. These latest trends show that things are only getting better. We can see a future where solar energy is the main source of electricity in the Philippines.

9 Amazing Things You Didn’t Know About Tesla Solar Batteries

Tesla has been making headlines for a while, but they’re not just about their electric cars. They’ve also made some waves with Tesla solar batteries. Tesla solar batteries store solar energy from solar power systems.

We’ll take you through 9 of the most amazing things that you may not know about Tesla’s solar battery products, so let’s get started!

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1. Tesla solar batteries are the most efficient on the market

The Tesla Powerwall is the most efficient solar storage solution on the market. Tesla’s new product is 30-40% more efficient than its competitors! This increased efficiency translates to a cost saving of about $3000 for every 20 years you use the battery (depending on energy prices).

2. Tesla’s solar batteries can last up to 20 years with little maintenance

Nobody wants to be bothered with repair problems! With Tesla solar batteries, you don’t have to be. These babies deliver long-lasting performance (up to 20 years) with little required maintenance.

Just in case you’re wondering what happens after those 20 years? The Tesla solar battery will still hold about 80% of its capacity after that time! So although not recommended to keep using a solar battery forever, your investment will last a good while.

3. Tesla is aiming to produce 3,000 GWh of energy storage by 2030

Yes, Tesla is ambitious! And it plans on producing an astounding amount of Tesla solar battery storage by 2030. You see, Tesla manufactures the Tesla Powerwall and commercial-grade Tesla batteries that can power electric vehicles, entire buildings and larger communities!

All this means you’ll probably have access to Tesla’s large scale energy storage technologies much sooner than you thought! And it may not cost so much more either.

4. The Tesla solar battery has a built-in inverter that converts DC power into AC power

A Tesla solar battery eliminates the need for a separate solar inverter. That’s a huge plus – considering a solar inverter can be the most expensive part of a solar energy system. The Tesla battery uses its built-in inverter to convert the DC power into AC and send it directly to your home or business.

This integrated conversion feature is one reason many experts say that Tesla batteries could help bring down the cost of solar electricity even more – making it available for everyone!

5. The battery works best in areas with a high electricity demand or zones that suffer from frequent blackouts

The ideal use cases for Tesla solar batteries are areas that can generate a lot of solar energy and have high utility costs or frequent blackouts. If you’re looking to invest in Tesla solar batteries, consider how much daily sunlight your location receives!

Tesla’s new Powerwall battery is not the same as an AC coupled system. There are no complicated wiring configurations required. Just plug your generator into the wall outlet, and voila! You now have all the benefits listed above at your disposal without spending thousands on traditional UPS systems. You can also use a generator to charge the Tesla solar battery!

6. It also stores surplus renewable energy during off-peak hours to use during peak hours when prices are higher

Not sure you can use all the free electricity you generate during the day? No worries! A Tesla solar battery allows you to sell any extra energy your solar panels generate back to the power grid.

What does this mean? It means that if there is an excess of electricity generated during off-peak hours, your Tesla Powerwall will store it in its battery bank until peak hour begins. Then, as soon as prices shoot up (which they tend to do at around mid-day), your system kicks in and starts selling all the stored power right back to the electric company’s grid.

This way, you can optimize all the solar electricity generated by your system!

7. The cost of Tesla solar batteries is decreasing as the technology improves

Yes, terrific news! Tesla solar solutions keep dropping in price as the technology improves. Tesla solar batteries have no moving parts, which means they can last for decades with absolutely zero maintenance costs.

Their design also allows them to run at 100% efficiency even after a few years of use without needing replacement. Traditional batteries used by UPS systems degrade over time and lose their capacity to store power safely. With Tesla, you buy it once and never again!

8. Installing a Tesla solar battery can be done in a few hours

With a Tesla approved installer, you can have your solar battery system up and running in as little as a few hours. This quick installation is a tremendous advantage over traditional solar storage systems that could take days to install correctly.

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Tesla’s solar batteries are perfect for home or business owners who want to go off the grid or reduce their reliance on traditional utilities. Thanks to Tesla’s innovation, this is now more affordable than ever before!

9. The payback time for a TESLA solar battery is 2-5 years.

The payback time for a TESLA solar battery will vary depending on the size of your home, the amount of sunlight your location receives, and the current cost of electricity. That said, here’s a general overview of what you can expect:

  • If you live in a sunny location and have a large home, your payback time for a TESLA solar battery could be as few as two years.
  • If you live in a less sunny location or have a smaller home, your payback time could be closer to five years.

Why you should get a Tesla solar battery

Tesla’s solar batteries are the most efficient on the market. The battery has a built-in inverter that converts DC power into AC power to help with electricity needs in areas with high demand or frequent blackouts. It also stores surplus renewable energy during off-peak hours, which can be used during peak hours when prices are higher.

Tesla solar batteries will only become more popular as their efficiency improves. Discover how you can take advantage of solar storage technology in your home or business!