Solar power booms in Philippines as war on Iran spikes energy costs
Summary
Electricity prices in the Philippines have gone up due to the conflict involving the United States and Israel against Iran. This has led many Filipino families to invest in solar panels at home as a way to save money on their power bills.Key Facts
- The war involving the US and Israel and Iran caused global energy prices to rise.
- A Filipino family’s monthly electricity bill rose from $150 to $220.
- More people in the Philippines are buying solar panels to reduce energy costs.
- Solar panel imports in the Philippines nearly doubled since early 2025.
- The Philippines bought $407 million worth of solar panels between March and May.
- Solar panel suppliers report long waiting times due to high demand.
- The Philippines relies on coal and gas for over 70% of its electricity.
- The government declared a national energy emergency in March.
- Solar loans are available only to public sector workers.
- Large solar farm projects are planned but may take years to finish.
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