Grid tied system from Solaric
This 5 kW system costs P463,000 system from Soloric (excluding installation of P28,000. Grid tied means it is connected to the power supply from the utility and does not have batteries. The system consist only of solar panels and an inverter. When there is a brown out, there is no power. It works only during daytime
This is competitively priced system since the benchmark price is $4.17 per watt installed for off grid. So a 5 kw would cost about a million. But the drawback here is that the payment terms is 50% down and 50% upon installation.
That is where solar financing comes in from Majorem Lending
The 5 kW system gives a net savings of about P8,000 per month. and recommended for homes with electric bill of P15,000 to 20,000 per month. Total electric production would be about P2.4 million over a 25 year period (600% return.)
Solaric portable power system
Their power generator consist of an inverter and battery and can run led lamps and an electric fan. Costs only P8.000
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