en.Wedoany.com Reported - The provincial government of Ilocos Norte in the Philippines, in partnership with ACEN, GCash, Fuse Financing Inc., Solaric Philippines, and local electric cooperatives, has launched a household solar rooftop program. This is the first such initiative led by a local government in the country, aiming to enable residents to use solar energy through financing and net metering support.
The program allows households to install solar rooftop systems, with financing provided by Fuse Financing, GCash's lending arm, through its GGives installment feature. Loan terms range from 3 to 10 years, with a minimum monthly repayment of just $21.20 (approximately PHP 1,300), without requiring traditional bank collateral. Solaric Philippines is responsible for system supply and installation, while the electric cooperatives enable net metering, allowing households to export surplus electricity to the grid in exchange for bill credits.
The initiative targets households with an average daily electricity consumption of 4 kWh and above, initially covering Laoag City, Dingras, and Pagudpud. ACEN CEO Eric Francia stated, "This initiative combines solar technology, financing, and local participation to expand household access to renewable energy." Ilocos Norte Governor Cecilia Araneta-Marcos said the province aims to reduce its dependence on fossil fuels through this program. Vice Governor Matthew Marcos Manotoc noted that the initiative brings together multiple partners to promote solar energy at the household level. Fuse Financing President and CEO Tony Isidro pointed out that the platform offers online application and repayment through GGives, simplifying documentation requirements.
The program is based on a memorandum of agreement signed on March 16 at the Ilocos Norte Provincial Capitol, with the pilot phase starting with a limited number of household slots in selected areas.
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