Energy Loan
Power Your Home. Save Energy. Build a Greener Future.
Make the switch to clean and sustainable energy with the RECEMPCO Renewable Energy Loan. Designed to help members finance the installation of solar power systems, this loan makes investing in renewable energy more affordable and manageable.
With financing of up to ₱500,000 and a repayment period of up to 60 months, members can enjoy the benefits of solar energy while spreading the cost over a convenient payment term.
Start saving on energy costs while doing your part for a more sustainable future with RECEMPCO.
Loan Requirements
- Maximum Loanable Amount: ₱500,000
- Equity Requirement: 10% of the loanable amount
- Interest Rate: 5% per annum, diminishing monthly
- Service Fee: 2%
- Maximum Term: 60 months
- Requirement: Quotation from the chosen solar energy provider
- Release of Proceeds: Net proceeds will be paid directly to the chosen installer
- After Installation: The borrower must submit the official receipts and photos showing the installed solar power system
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What can the Renewable Energy Loan be used for?
The loan is intended to finance the purchase and installation of a solar power system through a chosen solar energy provider.
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What document do I need to submit when applying?
The borrower must submit a quotation from the chosen solar energy provider showing the proposed solar power system and installation cost.
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Will the loan proceeds be released directly to me?
No. The net proceeds will be paid directly to the chosen solar energy installer to ensure that the funds are used for the approved renewable energy project.
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What do I need to submit after the solar system has been installed?
After installation, the borrower must submit the official receipts and photos of the completed solar power system installation to RECEMPCO.
