Eagle News — More households and business firms are urged to invest in solar technology which can create huge impacts in lowering electricity bills amid climate change.
Naderev Saño, Executive Director of Greenpeace Southeast Asia, said cost of investment on solar panel for homes of a middle-class family with five members can reach at least Php 50,000.
Saño said investment in solar technology, which has a lifespan of 25 to 30 years, can reduce electricity bills by 30 to 60 percent.
He noted their electricity savings can reach at least 20 percent.
At present, the Philippines produces 29 percent of its electricity through renewable sources, with the Department of Energy looking to raise it to 40 percent by 2020.
The mainstream adoption of renewable energy will also result in creation of jobs.
