As a social good company, WeGen works to convince households and businesses to make the transition to solar energy for two main reasons: 1) so they can bring down their electricity costs (energy from the sun is free and plentiful), and 2) so they can cut their carbon emissions that are harmful to the planet as they exacerbate climate change.
In the case of residential solar, as soon as their solar PV systems are operational, homeowners start enjoying the benefits of lower electric bills, lower carbon footprints, and at the same time increasing the value of their homes. In the meantime, when they apply for net metering, homeowners gain the option to sell their solar-generated electricity to utilities. In net metering, residential consumers sell the power that their solar PV systems produce into the grid (when the electricity generated by the solar modules is greater than the rate of household electricity consumption). This offsets the power consumed by the household at other times, and the monthly electric bill reflects the net energy consumption.
Instead of buying another car, households should consider getting a solar PV system for their home. It’s a sound investment that pays off immediately in the form of lower power bills and the knowledge that one is helping in the fight against climate change.
Here is WeGen’s ongoing project in Quezon City – a 6.84kWp grid-tie solar PV system to augment the house owner’s original system so it can be ready for net metering. WeGen added 18 panels to the existing system, now it has a total of 28 panels. The additional panels allow the owner to bring down their carbon footprint by cutting 4,438 kilograms of carbon dioxide emissions a year.
Next is WeGen’s 6.46 kWp grid-tie solar PV system installed in a residential house in Cainta. The system has eight panels. The homeowner’s electricity consumption is 1,250 kWh/month, and this leads to a P12,500 electricity bill a month at P10/kWh month or P10,001 to P15,000/month at P10kWh. The system helps the house owners to bring down their carbon emissions by 3,976 kg/year, and the specific annual yield is 1,479.52 kWh/kWp.
This system size is suitable for households that pay P10,000 to P15,000 a month for electricity amounting to 1000.1 to 1,500 kWh/month.
According to the Office of Energy Efficiency and Renewable Energy in the United States, the average “energy payback” time for solar panels is between one and four years depending on what kind of system it is. Simply put, the energy generated by the solar panels will be able to make up for their costs and the carbon emissions released by making them -- all within four years of use. Considering solar panels can last 25 to 40 years, these are very good figures!
Thinking of building your own home or renovating it for improvement? Consider getting a solar PV system installed!#
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