What is with the Solar Hype?

For the last 3 years, I’ve been going around the whole Philippines talking to people about Solar. To be honest, I am exhausted!

 

 

“Mahal yan”

 

(It’s expensive)

 

“Bagong Technology yan, hindi pa proven”

 

(It’s a new technology that has yet to be proven)

“Wala namang kwenta kasi hindi pwede gamitin sa gabi”

 

(What’s the point? It doesn’t work at night)

 

“Mas mabilis ROI (return of investment) sa Real Estate”

 

(Real Estate has better ROI)

 

“Mura ang coal”

 

(Coal is cheaper)

 

For those of you reading this, who has understanding of the technology, I am sure you rolled your eyes, shook your heads (‘smh’ nga ika ng millenials), or gave a big sigh. For the sake of argument (I don’t know why I even try sometimes), I answer their statements. And so I write… (Maybe next time I hear these I’ll just send them a link to this article. Hehehe. )

 

 

“Mahal yan” Can you really afford Solar?

(It’s expensive)

 

Let me ask, can you afford to pay for your electricity bills monthly? If you said yes, then YOU CAN AFFORD SOLAR. There are so many financing options and loans that are available right now: Pag-ibig, Bank Financing (BPI, Metrobank, Landbank and DBP, to mention a few), and even In-House Financing (1-6 years to pay). These financing options let you pay only what you save. Say for example, your monthly electricity bill is PhP10,000.00 per month. Going Solar will let you save PhP2,000.00-3,000.00 per month. That savings is what you will pay the financing institution.

 

For commercial establishments, the mentioned financing options are also available plus, Lease-to-Own or Build-Operate-Lease-Transfer (BOLT) programs are now widely offered. Without having to cash out anything, Investors will build a solar plant on your roof and charge you a rate per kilowatt-hour that is lower than your current electricity rate. For example, you pay PhP100,000.00 per month at PhP10 per kilowatt-hour. Your Solar Provider can reduce your electricity cost by 20-70%. That means you will now only pay PhP30,000.00 to your electricity provider. 70% of which is now provided for by Solar Energy, and will be charged to you at around PhP9/kWh or PhP63,000.00. PhP63,000.00 plus PhP30,000.00 is PhP93,000.00. You saved PhP7,000.00 without having to pay for anything. The best part is after the lease term, they donate the system to you. Ta-da! Free power.

 

The sun rises everyday for free.

 

Is it expensive? What expense?

 

 

“Bagong Technology yan, hindi pa proven”

(It’s a new technology that has yet to be proven)

 

Trivia: Solar Energy was first discovered by Einstein.

 

Bloomberg Finance said “By 2040, zero-emission energy sources will make up 60% of installed capacity. Wind and solar will account for 64% of the 8.6TW of new power generating capacity added worldwide over the next 25 years, and for almost 60% of the $11.4 trillion invested.”

 

Wake up. It’s 2017. The Spice Girls disbanded about 20 years ago. Is it a new technology? No. It is a technology so common that it is sold in the Supermarkets (i.e. Solar Lamps and Solar Chargers). The question is, how informed are you?

 

Another trivia: my 75-year-old grandmother is active on Facebook.

 

 

“Wala namang kwenta kasi hindi pwede gamitin sa gabi”

(What’s the point? It doesn’t work at night)

 

Unless you live in a world where there is sun at night, I don’t know how I can help you… The point is, watch “Before the Flood” by Leonardo di Caprio.

 

Remember the Ice Age? I’m sure you’ve seen the movie. Remember all that ice? They melted and gave us the world we live in today. What’s the difference in temperature then and now? Five (5) degrees. Just five degrees. What’s the relevance? If we keep doing what we are doing with mother earth, a 2-degree increase in temperature will be inevitable by 2040. My kid will only be 20. The Maldives will be underwater, so will a part of the Fiji Islands and Miami Florida.

 

Trivia: Miami Florida is already below sea level and is spending millions of dollars to pump water out and wall the city.

 

Another Trivia: Some tropical island residents lost their homes because of rising sea levels. They least contribute to this Global Warming but yet are one of the most affected.

 

 

“Mas mabilis ROI (return of investment) sa Real Estate”

(Real Estate has better ROI)

 

I recommend that you check this website: www.nababaha.com

 

I came across it when I was looking for a house to purchase. I wanted to make sure that the location is flood-free. Remember Ondoy? Make sure you click on the flood hazard in 100 years.

 

Of course you can invest and spend your money according to your liking. When our great grandchildren are just about to have their own kids, dreaming about their children’s future career and life, your Real Estate ‘Investment’ will be underwater and gone.

 

Trivia:  Value of Real Estate doesn’t always increase.

 

 

 

“Mura ang coal”

(Coal is cheaper)

 

Short-term or long-term?

 

Let us put things into proper perspective. Coal is harvested, processed and distributed as electricity. Harvesting costs money, processing costs money, transportation costs money, distribution costs money…and it is a never-ending cycle everyday.

 

You are probably thinking, so are solar panels. Panel raw materials are harvested, processed, installed and maintained…and they will last for a minimum of 25 years.

 

Yes, Solar Power Systems cost money purchase. So let’s go back to the start, is Solar Installation expensive? What expense?

 

Let’s now go to the long-term costs:

 

Typhoons, floods, extreme temperatures, volatile weather conditions, health hazards, hospital bills, rising cost of real estate, depleting natural resources, depleting food supply… These are the very things happening to us right now.

 

Someone told me earlier today that there are two kinds of people in this world when it comes to decision-making. One is passive and just goes with the times. They live their lives and they die without leaving anything behind. The other is active and refuses to leave this beautiful life like they never existed. Life is too short to be mediocre.

 

 

I know I will make an impact.

 

Will you?