THE Visayan Electric Co. has announced its promotion of clean energy through the “Veco Solar” power that will also save money for consumers.
Veco’s franchise area covers the cities of Naga, Talisay, Cebu, Mandaue and Lapu-Lapu, and the municipalities of Minglanilla, Consolacion, Liloan and Cordova.
Sebastian Lacson, Veco chief operating officer, said that in partnership with Enfinity, homeowners and businesses can have solar energy installation at an initial investment of P150,000.
Veco is the first and only power distribution firm that pushed for the program, which is also called “Green Energy for a Brighter Future.”
Veco Solar is aimed at helping the government protect the environment against pollution and power consumers reduce power consumption.
Veco chose to partner with Enfinity because it is one of the leading developers of solar photovoltaic projects in the world.
Lacson said homeowners and building owners only need eight to 10 square meters of rooftop for the installation of solar panels that can produce one kilowatt hour of electricity from Veco Solar.
Since the solar panels weigh 20 kilos per square meter, homeowners must make sure their rooftop is strong.
The solar panels, which are made of recycled materials, are expected to last for more than 30 years.
Lacson said experts estimated that it will take seven years for the homeowners to recover the P150,000 investment but this period may be reduced if the photovoltaic (PV) system will effectively harness enough power from the sun.
This means that if a power consumer will invest this year, he can consume P150,000 worth of electricity from 2014 to 2021.
He will reap the profit beyond 2021 up to the next 23 years or more.
Lacson said a power consumer’s electric bill will go down once his solar energy starts operating.
If his consumption is low, any excess that comes from the solar energy will automatically go to the power grid and will be distributed to the other consumers and Veco will pay for it, hence, an income for the consumer.
He said that if a family is on vacation, all the power derived from their solar system will go to the power grid and it will be a source of family income because this will be paid for by Veco.