Pag-IBIG Fund’s Solar Panels Loan

Under Pag-IBIG’s Home Improvement Loan, it is now possible for homeowners to use solar energy. Members may apply for a home improvement loan and use it to buy a solar panel. A member may borrow Php 130,000 to purchase a 1-kilowatt solar panel. This can be amortized up to 25 years, depending on the capability of the member to pay.

Another great thing about using solar panels is that you can earn from it. Under the net-metering program found in the Renewable Energy Act of 2008, solar panel users may sell their surplus electricity from their devices back to the power grid provider.

Indeed, solar energy is a good alternative for those who want to lessen their carbon footprint and electric bill without minimizing their energy consumption. Since the energy that you get from the sun is free, you only have to pay for the initial purchase of the solar panels plus regular minimal maintenance. Furthermore, you won’t have to worry about power outages since you have backup electricity.

Check out the video to learn how you can lower your electricity through Pag-IBIG Fund.

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