Billease, one of the Philippines’ leading consumer finance providers, today announced a groundbreaking partnership. The company is collaborating with solar provider Blueshift Energy. This partnership introduces new, accessible solar energy financing in the Philippines. Specifically, it aims to empower more Filipino households to switch to renewable energy. Consequently, this positions Billease as one of the first Buy Now, Pay Later (BNPL) applications in the country to offer dedicated solar financing solutions.
Tackling High Electricity Costs with Accessible Solar Power
Filipino families are increasingly seeking sustainable alternatives. This comes as electricity costs continue to surge nationwide. These alternatives can significantly reduce household expenses.
The Challenge: High Upfront Costs
Solar power certainly presents a viable long-term solution. However, the significant upfront investment for a solar panel system has historically been a major barrier. This cost can range from PHP 100,000 to PHP 500,000 for a typical home. In addition, complex traditional financing requirements have often placed this technology beyond the reach of most households.
A Partnership to Bridge the Gap
This new partnership directly addresses that crucial financial gap. It provides a much-needed pathway for consumers. As a result, they can adopt cleaner energy without the overwhelming initial cost.
“Now that we have this cooperation with Billease, we can empower more families,” says Kristofer Huang, CEO of Blueshift Energy. “They can now take control of their energy future. We’ve never seen ways for people to take control of their own power until now. Indeed, Billease is helping accelerate our mission of solar adoption for all.”
Introducing Solar EasyPace: A New Way to Pay for Solar
As part of this partnership, Billease is officially launching Solar EasyPace. This is a specialized financing product aimed specifically at making solar power affordable. In fact, this new option removes the biggest hurdle for many homeowners. It achieves this by requiring no down payment.
Key Features of Solar EasyPace
This innovative financing plan includes several attractive features:
- Zero Down Payment: First, you can start your solar journey without a large initial cash outlay.
- Low Interest Rates: Next, you can enjoy monthly interest as low as 2.42% for a 12-month payment term.
- Flexible Options: The plan is also designed to provide adaptable payment schedules.
- Simplified Requirements: Finally, Billease has streamlined the application process to be more accessible than traditional loans.
This approach to solar energy financing in the Philippines represents a significant step forward. Ultimately, it makes switching to renewable energy a more attainable goal for the average Filipino family. Banks and other institutions also offer various solar financing options. Learning about them from financial resources like Security Bank’s informational guide can provide a broader market perspective.
A Milestone for Inclusive Clean Energy Financing
This collaboration marks a significant expansion for Billease’s popular EasyPace financing program.
“This partnership is a milestone for us. In fact, it’s the first time we’re extending EasyPace to solar through Solar EasyPace,” said Kurt Molina, Head of POS Product at Billease. “We are bringing our unique approach to financing into the clean energy space. EasyPace is the most inclusive and humane financing option in the Philippines. For instance, its interest declines over time. This helps to ease repayment and reduce the burden on consumers.”
How to Get Started on Your Solar Journey
Filipino homeowners interested in making the switch to solar have clear next steps. The process is designed to be straightforward.
Learn About Financing with Billease
To learn more about Solar EasyPace financing, you can visit the official Billease website at billease.ph. There, you can message Billie, the platform’s helpful Chatbot, for assistance.
Get a Quote from Blueshift Energy
To get a solar system quote, interested customers can check out Blueshift Energy’s Solar Design Studio. This tool provides an instant online estimate. Alternatively, you can contact their team directly at +63 908 587 1707 or via hello@blueshift.ph.
Harnessing solar power offers numerous advantages. These include lower electricity bills, increased energy security, and a reduced carbon footprint. These benefits are often detailed in reports on the advantages of solar energy in the Philippines. This new partnership now makes those benefits more accessible than ever before.
