November 25, 2017, 9:38 am
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1 Philippine Peso = 0.07254 UAE Dirham
1 Philippine Peso = 2.22066 Albanian Lek
1 Philippine Peso = 0.03521 Neth Antilles Guilder
1 Philippine Peso = 0.34299 Argentine Peso
1 Philippine Peso = 0.02592 Australian Dollar
1 Philippine Peso = 0.03516 Aruba Florin
1 Philippine Peso = 0.03951 Barbados Dollar
1 Philippine Peso = 1.60589 Bangladesh Taka
1 Philippine Peso = 0.03253 Bulgarian Lev
1 Philippine Peso = 0.00746 Bahraini Dinar
1 Philippine Peso = 34.51185 Burundi Franc
1 Philippine Peso = 0.01976 Bermuda Dollar
1 Philippine Peso = 0.02656 Brunei Dollar
1 Philippine Peso = 0.13552 Bolivian Boliviano
1 Philippine Peso = 0.06373 Brazilian Real
1 Philippine Peso = 0.01976 Bahamian Dollar
1 Philippine Peso = 1.27914 Bhutan Ngultrum
1 Philippine Peso = 0.20568 Botswana Pula
1 Philippine Peso = 395.49586 Belarus Ruble
1 Philippine Peso = 0.03947 Belize Dollar
1 Philippine Peso = 0.0251 Canadian Dollar
1 Philippine Peso = 0.01934 Swiss Franc
1 Philippine Peso = 12.5162 Chilean Peso
1 Philippine Peso = 0.13038 Chinese Yuan
1 Philippine Peso = 58.75346 Colombian Peso
1 Philippine Peso = 11.09502 Costa Rica Colon
1 Philippine Peso = 0.01976 Cuban Peso
1 Philippine Peso = 1.82714 Cape Verde Escudo
1 Philippine Peso = 0.42146 Czech Koruna
1 Philippine Peso = 3.5079 Djibouti Franc
1 Philippine Peso = 0.12329 Danish Krone
1 Philippine Peso = 0.94607 Dominican Peso
1 Philippine Peso = 2.26118 Algerian Dinar
1 Philippine Peso = 0.25918 Estonian Kroon
1 Philippine Peso = 0.34868 Egyptian Pound
1 Philippine Peso = 0.53457 Ethiopian Birr
1 Philippine Peso = 0.01656 Euro
1 Philippine Peso = 0.04139 Fiji Dollar
1 Philippine Peso = 0.01481 Falkland Islands Pound
1 Philippine Peso = 0.01481 British Pound
1 Philippine Peso = 0.09104 Ghanaian Cedi
1 Philippine Peso = 0.92967 Gambian Dalasi
1 Philippine Peso = 177.69657 Guinea Franc
1 Philippine Peso = 0.1449 Guatemala Quetzal
1 Philippine Peso = 4.07922 Guyana Dollar
1 Philippine Peso = 0.15426 Hong Kong Dollar
1 Philippine Peso = 0.46501 Honduras Lempira
1 Philippine Peso = 0.12517 Croatian Kuna
1 Philippine Peso = 1.22145 Haiti Gourde
1 Philippine Peso = 5.16041 Hungarian Forint
1 Philippine Peso = 266.6535 Indonesian Rupiah
1 Philippine Peso = 0.0693 Israeli Shekel
1 Philippine Peso = 1.27625 Indian Rupee
1 Philippine Peso = 23.03437 Iraqi Dinar
1 Philippine Peso = 696.06876 Iran Rial
1 Philippine Peso = 2.03813 Iceland Krona
1 Philippine Peso = 2.47234 Jamaican Dollar
1 Philippine Peso = 0.01397 Jordanian Dinar
1 Philippine Peso = 2.20192 Japanese Yen
1 Philippine Peso = 2.03576 Kenyan Shilling
1 Philippine Peso = 1.37669 Kyrgyzstan Som
1 Philippine Peso = 79.67207 Cambodia Riel
1 Philippine Peso = 8.28586 Comoros Franc
1 Philippine Peso = 17.77953 North Korean Won
1 Philippine Peso = 21.38305 Korean Won
1 Philippine Peso = 0.00596 Kuwaiti Dinar
1 Philippine Peso = 0.0162 Cayman Islands Dollar
1 Philippine Peso = 6.52213 Kazakhstan Tenge
1 Philippine Peso = 164.26314 Lao Kip
1 Philippine Peso = 29.7906 Lebanese Pound
1 Philippine Peso = 3.03635 Sri Lanka Rupee
1 Philippine Peso = 2.46247 Liberian Dollar
1 Philippine Peso = 0.27292 Lesotho Loti
1 Philippine Peso = 0.06023 Lithuanian Lita
1 Philippine Peso = 0.01226 Latvian Lat
1 Philippine Peso = 0.02699 Libyan Dinar
1 Philippine Peso = 0.18541 Moroccan Dirham
1 Philippine Peso = 0.34526 Moldovan Leu
1 Philippine Peso = 1.01442 Macedonian Denar
1 Philippine Peso = 26.92612 Myanmar Kyat
1 Philippine Peso = 48.20229 Mongolian Tugrik
1 Philippine Peso = 0.15888 Macau Pataca
1 Philippine Peso = 6.91426 Mauritania Ougulya
1 Philippine Peso = 0.68451 Mauritius Rupee
1 Philippine Peso = 0.30047 Maldives Rufiyaa
1 Philippine Peso = 14.14757 Malawi Kwacha
1 Philippine Peso = 0.36633 Mexican Peso
1 Philippine Peso = 0.0813 Malaysian Ringgit
1 Philippine Peso = 0.27483 Namibian Dollar
1 Philippine Peso = 7.03279 Nigerian Naira
1 Philippine Peso = 0.60352 Nicaragua Cordoba
1 Philippine Peso = 0.16042 Norwegian Krone
1 Philippine Peso = 2.04563 Nepalese Rupee
1 Philippine Peso = 0.02867 New Zealand Dollar
1 Philippine Peso = 0.0076 Omani Rial
1 Philippine Peso = 0.01976 Panama Balboa
1 Philippine Peso = 0.06392 Peruvian Nuevo Sol
1 Philippine Peso = 0.06337 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.07685 Pakistani Rupee
1 Philippine Peso = 0.0697 Polish Zloty
1 Philippine Peso = 111.98933 Paraguayan Guarani
1 Philippine Peso = 0.07516 Qatar Rial
1 Philippine Peso = 0.07679 Romanian New Leu
1 Philippine Peso = 1.15428 Russian Rouble
1 Philippine Peso = 16.47807 Rwanda Franc
1 Philippine Peso = 0.07408 Saudi Arabian Riyal
1 Philippine Peso = 0.15686 Solomon Islands Dollar
1 Philippine Peso = 0.26162 Seychelles Rupee
1 Philippine Peso = 0.13157 Sudanese Pound
1 Philippine Peso = 0.16365 Swedish Krona
1 Philippine Peso = 0.02658 Singapore Dollar
1 Philippine Peso = 0.01482 St Helena Pound
1 Philippine Peso = 0.43868 Slovak Koruna
1 Philippine Peso = 150.13829 Sierra Leone Leone
1 Philippine Peso = 11.00356 Somali Shilling
1 Philippine Peso = 406.44806 Sao Tome Dobra
1 Philippine Peso = 0.17286 El Salvador Colon
1 Philippine Peso = 10.17345 Syrian Pound
1 Philippine Peso = 0.27485 Swaziland Lilageni
1 Philippine Peso = 0.6448 Thai Baht
1 Philippine Peso = 0.04877 Tunisian Dinar
1 Philippine Peso = 0.04522 Tongan paʻanga
1 Philippine Peso = 0.07781 Turkish Lira
1 Philippine Peso = 0.13097 Trinidad Tobago Dollar
1 Philippine Peso = 0.5918 Taiwan Dollar
1 Philippine Peso = 44.15251 Tanzanian Shilling
1 Philippine Peso = 0.53121 Ukraine Hryvnia
1 Philippine Peso = 71.55275 Ugandan Shilling
1 Philippine Peso = 0.01976 United States Dollar
1 Philippine Peso = 0.57349 Uruguayan New Peso
1 Philippine Peso = 159.22561 Uzbekistan Sum
1 Philippine Peso = 0.19705 Venezuelan Bolivar
1 Philippine Peso = 448.93324 Vietnam Dong
1 Philippine Peso = 2.09581 Vanuatu Vatu
1 Philippine Peso = 0.05077 Samoa Tala
1 Philippine Peso = 10.85875 CFA Franc (BEAC)
1 Philippine Peso = 0.05334 East Caribbean Dollar
1 Philippine Peso = 10.88937 CFA Franc (BCEAO)
1 Philippine Peso = 1.96543 Pacific Franc
1 Philippine Peso = 4.93678 Yemen Riyal
1 Philippine Peso = 0.27485 South African Rand
1 Philippine Peso = 102.51877 Zambian Kwacha
1 Philippine Peso = 7.14935 Zimbabwe dollar

Going solar gets cheaper

Businessman Ferdinand Raquelsantos, president of Solar and Wind Power Co., started his business as a system integrator of solar power solutions 10 years ago, with his own house as his prototype.

Driven by his consciousness to renewable energy, Raquelsantos back in 2007 when solar power was popular only to the Class A market, had his 600-square meter house in Alabang installed with 12 solar panels (and one wind turbine).

Before the switch to solar, Raquelsantos was paying P24,000 in his monthly electric bills. 

To this day, the installation is paying for itself, saving the Raquelsantos household in electric bills. 

Raquelsantos said one of the first few installations his company did was for a fairly similar-sized house in Ayala Alabang. The cost of the solar integration was P2 million. At the time, the return on investments (ROI) was 13 years.

But Raquelsantos said today, that cost has gone down significantly,  by 75 percent, to about P450,000 and the ROI much ahead, 4.5 years or even shorter. The reason is there are now more players, 80 in total, and the cost of panels has become affordable.

As a system integrator catering to households and small businesses, Raquelsantos’ company provides the whole suite of solutions: design, supply of the panels and the inverters, installation of the panels, commissioning or running the system as well as maintenance. 

Normally, the process starts from defining how much panels are needed and how much budget is required to power up the house, including the number of appliances as well as the time of use.

A minimum package typically involves 1.5 kWh (1,500 watts) equivalent of six solar panels at 250 watts each. That system could power up a house consuming 240 kWh and could save P3,500 to P4,000 a month. 

The cost is about P160,000 and payoff also in 4.5 years.

Raquelsantos’ company also offers 5 kW of 16 panels (with each panel 315 watts or the equivalent of 5,000 watts). That can generate about 900 kwh with a savings of up to P11,000 under the net metering scheme.

The ROI already factors in the 10-percent annual increase of Meralco rates for those in Metro Manila.

Raquelsantos said a client in a subdivision who is away from home four months in a year is able to offset his electric bill credits for the eight months he stays in the Philippines as the solar power system continues to generate power even if no one uses it.

As Meralco does not pay back those credits in cash, Raquelsantos recommends that solar panels installed should generate enough supply within one’s consumption. 

He also suggests that households go on-grid and use Meralco as the “storage” of power generated by the solar power system.

Modular installations like the ones that can be bought off the shelf — usually used to power a specific electrical appliance that uses a lot of electricity like aircon — are fine in far-flung areas.

Storing electricity generated by solar panels in batteries may also be ill-advised as the batteries cost a lot, at least P80,000.

A solar power installation has a life of about 20 years, useful beyond  when the ROI is hit.

Households are also advised to maximize the use of power during off-peak hours when power cost is cheaper. This means ironing should not be done between 7 a.m. to 9 a.m.  and air conditioning should be turned on after 9 p.m. Doing so would save a household as much as 32 percent in electricity.

Because the price of the solar solution has gone down, Raquelsantos now have clients in C and D markets, still mostly in subdivisions.

 “Ten years ago, it was all about being eco-consciousness. Today it is more financial and investment consciousness,” he said.

With growing popularity, Raquelsantos has tapped other sources of solar panels aside from Sun Power, its partner since 2003.

Raquelsantos said the market remains lucrative as more people are keen to switch to solar. But he said Filipinos need to be educated more on the how to maximize the benefits of solar power. (I.Isip)
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