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Solar Asset Management: See this to sell electricity from home!

Solar Asset Management: See this to sell electricity from home!




By: Elena Grace Flores

Among the key actions identified by the recently concluded 1st Cebu Cebu Archdiocesan Conference on Climate Emergency is renewable energy. Together with its partner, WeGen, they encourage the use of solar power in community homes. In fact, they have structured its utilization for the Dioceses, Churches, Convents, Schools and Seminaries within its jurisdiction. Despite the absence of government subsidy, business-minded individuals can actually make money just by installing solar panels in one’s home. Solar asset management revolves around maintaining the physical equipment and components of a power generating site, and the generation and sale of energy. It is the systematic direction of a site’s physical assets to ensure optimal financial performance – to the verge of the electric company’s paying back the household owner for excess power.

YouTube video by Elena Grace Flores
WeGen Heeds Pope’s Call to be Friendly to Mother Earth

Engr. Vincent Salas explains how WeGen can help in providing solar power in the community.



Effective Solar Asset Management Process

According to experts, inverters are crucial elements in converting Direct Current to Alternating Current needed for electrical appliances and devices. The solar panel collects and produces the DC. Therefore, it is very important to inform the electric provider of the household regarding the installation of such solar system. It would then facilitate the installation of a specific electric meter to gauge the energy input and output. Once it generates more that the monthly consumption of the household, the electric company would gladly buy the excess energy.



A Glimpse on the Estimated Initial Costs

WeGen’s Orly Alparce said that it could be a challenge doing mass installations to community households despite the many benefits of this clean and renewable energy. The costs are not affordable for most people. We are looking at around Php 33,000 initial expenses just for the basic solar panel installation. It can only be suitable for the necessary needs like lights, TV, electric fans and refrigerator. A Php 100,000 investment should include a 1 or 2 hp airconditioner.


An Opportunity to Financial Institutions

Loan offers are rampant these days for personal, business, or travel or educational expenses. Perhaps, credit companies can partner with a solar energy system provider like WeGen. In the past, the Visayan Electric Company or Veco promoted a payment plan for solar power use to their subscribers. However, it died down due to lack of understanding from the public.


The Possibility of a Government Subsidized Patronage

Solar Asset Management is not for everybody. For one, it has a slim chance to be subsidized by the government unlike in other countries. However, the private sector can very well collaborate with the supplier to come up with a better deal for direct consumers to enjoy this technology that is friendly to mother earth. Kudos to Fr. Michael Murphy Sarsonas who spearheads the event and Archbishop Jose Palma for seeing this through.