Solar financing heats up in the PH

BPI says its solar loan portfolio grew 89% in 2025, reaching ₱100 million in outstanding balances.

More consumers are shifting towards solar energy to power their homes, as evidenced by the rapid growth in solar financing by one of the country’s leading banks.

During its annual stockholders meeting, the Bank of the Philippine Islands (BPI) said its solar financing portfolio grew by 89% in 2025, bringing outstanding balances for solar loans to ₱100 million.

The Green Solutions breakout

The loans are made available through the Green Solutions program, launched in 2024, which helps customers fund the shift to renewable energy.

The bank forecasts that residential solar installations will grow by 32% in the next five years as more financing options help make the shift more accessible to a wider range of customers.

Home solar panel installations can cost between ₱100,000 and ₱500,000, making loans an important option for many Filipinos looking to switch to cheaper and more environmentally sustainable electricity.

Hot trend in a cooling economy

“This doesn’t necessarily mean that it’s going to dominate our lending, but I certainly expect it to continue to be a large source of growth for lending into the energy sector moving forward,” said Eric Luchangco, BPI chief finance officer and chief sustainability officer.

Amid growing interest in renewable energy, more banks are also expanding their green loan portfolios to make sustainable financing more accessible for the average consumer.

 

 

Solar is heating up. BPI’s solar loan portfolio grew 89% in 2025, reaching ₱100 million in outstanding balances.