Lopez owned Lopez First Philec Solar Solutions (FPSS) will be launching a solar energy kit by the end of the year. It will offer 3 versions: off-grid and grid tied 1kw systems and a larger 10kw off-grid system. The company claims the 1 kw kits can generate about 4-5 kw of electricity in a day effectively replacing 15% of household consumption. The kits start at P300-350,000.
Is it worthwhile to get this system? Lets do the math:
P300,000 cost
4 kw per day
operational 300 days a year
kit lasts 20 years
(cost / years)/(kw per day*number of days operational)
(300000/20)/(4*300)
=P12.5/kw
Compare P12.5 with the cost on your energy bill. It may be higher or lower depending on where you live. Take note that also includes the weather in your area. Places prone to storms and rain will likely generate less solar energy. Just adjust the figures based on your own conditions.
references:
http://www.gmanews.tv/story/222373/technology/lopez-group-launches-home-solar-energy-kits
http://business.inquirer.net/3126/lopez-company-brings-solar-power-to-homes
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