May 18, 2013

Our staff says l mW target for homes, light commercial residential target feasible

PHL     | May 17, 2013

Our staff, in our goal setting today, says that 1mW target is feasible.  Financing this is another story.  But knowing that solar is self liquidating (what you save in power will pay for its cost) will just be the obstacle.  It will mean a P140 million funding for the $3.5 million cost of the solar installation.

He says that his target includes farms, light commercial industrial, residential homes with high electric bills, golf courses with irrigation system, church.  The MVP will be reducing electrical consumption and this will include recommendation on led lamps which cost up to 70% less power.

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