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MANILA – Solar Philippines Inc. is offering “Pay What You Save”, a new contract term for acquiring solar panels, allowing establishments to own it within three years up to 15 years payment.“Qualified business establishments are able to choose how much they will invest upfront and pick from terms in the range of 3, 5, 7, 10 and 15 years,” Solar Philippines said in a statement Wednesday. The company noted the establishment will own the panels after completing the selected payment term. It has no installation costs.Solar Philippines added account managers will design solar solution options for the client, upon examining their financial, technical and operational considerations.Through the new program, which targets business owners, establishments could modify conditions such as applicable utility rates, electricity demand and operating hours.

It has installed solar rooftop panels in four malls, from SM North Edsa to City Mall Roxas, ranging from a capacity of 600 kilowatts (kW) to 1.5 Megawatts (MWs). The company has also offered a similar program for residential customers earlier this year.Solar Philippines is a developer of rooftop power plants, but will soon develop ground-mounted power projects with a capacity of 190 MW with Citicore Power.-PNA

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