Incentives, loans for small solar power users eyed

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Solar Power System News

House Of Representatives,Incentives,Credit Facilities

A bill granting incentives and credit facilities for consumers of small solar power systems in the Philippines has been filed in the House of Representatives.

House Bill 10253 filed by Minority Leader France Castro of ACT Teachers party-list, Assistant Minority Leader Arlene Brosas of Gabriela party-list, and Kabataan party-list Rep.

Further, incentives granted to renewable energy developers as provided for in Republic Act 9513 or the Renewable Energy Act will be enjoyed by eligible participants using small solar power systems, subject to existing laws, rules, and regulations.“In an era of increasingly high prices and foreseeable decline of the global oil supply, the government should at the soonest develop fuel alternatives and accelerate the exploration and utilization of renewable sources of energy.

 

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