GSIS solar loans hit ₱5.7B amid rising power costs

Applications for the Government Service Insurance System (GSIS) solar financing program have surged to ₱5.7 billion as of April 21, reflecting strong demand from government workers seeking relief from rising electricity costs.

GSIS President and General Manager Jose Arnulfo Veloso said the growing uptake of the Ginhawa Solar Energy Loan (GSEL) shows how members are increasingly turning to renewable energy to manage household expenses.

“Through GSEL, we are helping our members take control of their electricity costs by giving them access to financing for solar panels,” Veloso said.

He added that while the shift supports cleaner energy, the immediate benefit for many families is reduced monthly power bills.

“The shift to cleaner energy is an added benefit; for many families, the immediate value is the savings it can bring month after month,” he said.

Under the program, qualified GSIS members can borrow up to ₱500,000 at a 5 percent annual interest rate, payable over five years, with a maximum monthly amortization of ₱10,416.67. The package also includes three years of free insurance coverage for installed solar systems.

One beneficiary, Judith Rabacal of Northern Negros State College, said she expects immediate savings after installing her system.

“Naka-install na ang solar ko, at inaabangan ko na ang pagbaba ng bayad sa kuryente sa susunod na buwan (My solar system has already been installed, and I am looking forward to lower electricity bills next month),” she said.

GSIS earlier reported that it approved about ₱400 million worth of solar loan applications within just 24 hours of launch, highlighting strong initial interest.

Launched on March 25, 2026, the program is part of efforts to ease electricity costs while promoting wider use of renewable energy among public sector workers.