Solar power booms in Philippines as war on Iran spikes energy costs

Solar power booms in the Philippines as war on Iran spikes energy costs

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The Philippines has seen a significant increase in the adoption of solar power, with many homeowners investing in rooftop panels due to rising electricity costs. According to a report by Ember, rooftop panels have nearly doubled in the Philippines since early 2025. This surge in demand has led to a 30-day wait for solar panel shipments, as suppliers struggle to keep up with demand.

The cost of solar panels has become more attractive to Filipinos, with some homeowners finding that the cost is comparable to paying their electric bills for three or four years. In the fifth year, electricity will essentially be free, making solar power a more viable option for many households.

The Philippines relies heavily on imported coal and gas for its power mix, with over 70 percent of its power coming from these sources. The value of the peso, which has slid to a record low, is making these imports even costlier.

The war on Iran has had a significant impact on the global energy market, leading to increased demand for renewable energy sources. The Philippines is one of the few countries in the region where electricity is not subsidised, making it more vulnerable to fluctuations in the global energy market.