Solar Financing Options in the Philippines
Going solar doesn't have to mean paying upfront. Here are government and bank financing programs available to Filipino homeowners for residential solar installation.
Government Programs
GSIS Ginhawa Solar Energy Loan (GSEL)
Government employees only
Up to ₱500,000
5% per annum (diminishing)
Up to 60 months (5 years)
Key Features
- 3 years free insurance coverage on solar equipment
- Apply via GSIS Touch mobile app
- Salary deduction repayment
Requirements
- Active GSIS member with at least 3 years of government service
- Must not have pending GSIS loan in arrears
- Property must be owned by the borrower
Source: GSIS official announcement, 2024. Rates and terms subject to change.
Pag-IBIG Home Improvement Loan
Any Pag-IBIG member
Up to ₱300,000
6.25% per annum
Up to 5 years
Key Features
- Solar installation qualifies as a home improvement
- Lower interest than most bank personal loans
- Can be combined with other Pag-IBIG benefits
Requirements
- At least 24 monthly Pag-IBIG contributions
- Property must have Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- No outstanding Pag-IBIG housing loan in default
Source: Pag-IBIG Fund. Solar installation classified under home improvement. Rates subject to change.
Bank Solar Loans
BPI Solar Home Loan
Via Helios fintech partnership
~7% per annum (fixed for 7 years)
Up to 7 years
Real estate mortgage
Key Features
- Purpose-built for solar installation financing
- Fixed rate provides payment predictability
- Helios handles installer coordination and quality assurance
Considerations
- Requires property as collateral (real estate mortgage)
- Standard bank credit requirements apply
- Processing may take 2-4 weeks
Source: BPI and Helios Solar partnership announcements. Terms may vary.
Security Bank Solar Mortgage
Via Helios fintech partnership
Competitive (inquire for current rate)
Up to 7 years
Real estate mortgage
Key Features
- Dedicated solar financing product
- Helios manages end-to-end solar installation
- Monthly savings from solar often exceed loan repayment
Source: Security Bank and Helios Solar partnership. Contact Security Bank for latest rates.
Which Option is Right for You?
| Program | Best For | Max Amount | Rate | Term |
|---|---|---|---|---|
| GSIS GSEL | Government employees | ₱500,000 | 5% | 5 years |
| Pag-IBIG | Any employed Filipino with contributions | ₱300,000 | 6.25% | 5 years |
| BPI Solar | Homeowners wanting fixed-rate, longer term | Varies | ~7% | 7 years |
| Security Bank | Homeowners wanting bank-backed solar mortgage | Varies | Inquire | 7 years |
Tips Before Applying
- Get your assessment first — know your recommended system size and cost before applying for financing. Take our free assessment.
- Compare total cost — a lower rate over a longer term may cost more overall than a higher rate over a shorter term.
- Check your monthly savings — in most cases, solar savings exceed the monthly loan payment, making your system cash-flow positive from day one.
- Ask about net metering — ensure your installer will handle Meralco/utility net metering application as part of the package.
- Factor in incentives — solar equipment is VAT-exempt (RA 10963 TRAIN Law) and duty-free, reducing upfront costs.
Note on SSS
The Social Security System (SSS) does not currently offer a dedicated solar energy loan. Their existing loan programs (salary, calamity, emergency) have low caps (₱20,000-₱40,000) that are insufficient for solar installation. We will update this page if SSS launches a solar-specific product.
Information on this page is for general guidance only and was last verified April 2026. Loan terms, rates, and availability may change without notice. Contact the respective institution for the most current terms. Solar Advisor does not act as a broker or endorser of any financial product.