Wholesale Solar Panels as an Affordable and Renewable Alternative Clean Energy Source
Looking to minimize the carbon footprint of your home or business? Seeking to reduce long term utility expenses without reducing electrical consumption? Wholesale solar panels provide the most viable alternative energy option available.
Solar energy is the cleanest, most abundant resource for the production of renewable energy. Photovoltaic (PV) or Solar Electric Systems convert light and heat from the sun into electricity. PV Systems make good financial sense when used in locales that feature:
- Abundant year-round sunlight.
- High rates from a local electric utility.
- Extreme climates, where excess energy consumption is required to create a comfortable interior environment.
Manila, the vibrant Philippine capital, is just such a place.
Solar Sensibilities for the Philippine Islands
Positioned less than 15° North of the equator, Manila is a hot place to be — literally! With a year-round tropical climate, an average daily temperature of 28° C (82° F), and 48% of annual daylight hours being categorized as sunny, Manila is a prime location to utilize solar panels for both small and large scale electricity generation. Additionally, a residential electric rate of around ₱12.49 per kilowatt hour (kWh) — $0.26 USD per kWh — from the Manila Electric Company (MERALCO), among the highest rates globally, reinforces the financial viability of switching to a PV system to meet growing consumer electrical needs.
Contrasting increased demand for electricity to power an ever-growing collection of electronic appliances, with rising production and delivery costs for traditional grid-based electrical service, some forward thinking property owners have embraced the benefits of solar panels for alternative energy production. However, the perceived upfront expense associated with the purchase and installation of the system has kept others from taking the solar energy plunge. Comparing the cost figures between a solar power system that is financed short-term with the cost of MERALCO-provided electrical power reveals that, in the Philippine market, upfront costs are quickly recouped, and that net savings over time can create significant cash flow over the life of the PV system.
Electricity that Pays the User vs. Users that Pay for Electricity
To demonstrate potential savings achieved with a solar panel system, consider the following example of an average three-bedroom home in Manila that uses 1,100 kWh of electricity per month. The PV components used in this cost example were purchased from Solar Leading; the cost of the system installation is an averaged estimate.
- The average cost of 1,110 kWh from MERALCO at ₱12.49 per kWh equals ₱13,739 ($284 USD) per month. Annualized, the average amount spent on electrical service is ₱164,868 ($3,499 USD). Extrapolating these figures over a decade reveals that ₱1,648,680 ($34,987 USD) would be paid to the electric utility in a ten-year period.
- Now, consider buying a Solar Leading PV System, that is sized to adequately power the three-bedroom home in this example, for around ₱380,000 ($8,072 USD), including an averaged estimate for the installation of the system.
- A three-year loan at 7% interest would cost ₱422,598 ($8,973 USD). The monthly payment for 36 months would be ₱11,739 ($249 USD). The cost of the loan to pay for the Solar Leading solar panel system would be less than the average monthly utility bill from MERALCO!
- Subtracting the total cost of the loan — ₱422,598 ($8,973 USD) – from the cost of ten years of electrical service (₱1,648,680 or $34,987 USD) yields a net monetary savings of ₱1,226,082 or $26,014 USD over the course of a decade.
- Over the 25-year operational life expectancy of the Solar Leading PV Panel System, the savings numbers grow to ₱3,065,205 ($65,035 USD). Net savings of this magnitude could go a long way to paying for big ticket items like a mortgage, or significantly bolstering a retirement fund.
Further yet, in participation with the Philippine Renewable Energy Act, MERALCO began a net metering program in September 2013. This allows grid-connected MERALCO customers with PV systems installed in their homes to send excess, solar-generated energy back to the MERALCO grid to be used by other customers. MERALCO “pays” for this extra energy via statement credits or rebates. These credits come in handy during the Philippine rainy season, when solar radiation may not be adequate to completely power a PV equipped property for a 24-hour period. Remaining connected to the grid allows a solar panel equipped structure to automatically switch back to using MERALCO power overnight or when sunlight totals are insufficient to supply a building’s total electrical need. When the sun returns, the PV system returns to generating solar energy for the structure.
Wholesale Solar Panels for a Brighter Future
Solar Leading, a top producer of wholesale solar panels, photovoltaic systems, and complete on-grid solar power kits, supplies and supports solar installers and wholesalers around the world. In addition to a superior line of products, Solar Leading provides training, warranty support, and international shipping. In managing all aspects of the solar supply chain, Solar Leading allows wholesalers and installers to focus on providing economical and efficient solar energy to their customers.
If you have questions pertaining to any of the figures used, or would like an estimate of materials in your area, contact “Solar Leading to a Better Future.” We are happy to connect you with a distributor in your area. Likewise, if you are interested in becoming a Solar Leading distributor, please complete the distributor application form.