Renewable energy firm GreenHeat Corp. is urging local households and businesses to consider rooftop solar systems as a way to manage rising electricity prices, citing the country’s continued dependence on imported fuel for power generation.
GreenHeat director Glenn Tong said fluctuations in global fuel supply are likely to keep electricity rates volatile.
“By installing a solar rooftop system, however, you are effectively locking in a portion of your electricity cost for the next 20 years to 25 years,” Tong said.
He added that solar systems, if properly installed, can deliver higher long-term value compared to traditional investments.
“While conventional options may yield modest annual returns, solar PV systems can deliver up to 30 percent savings over time,” he said.
The company said rooftop systems allow users to generate power onsite, reducing reliance on grid-supplied electricity and exposure to fuel-driven price increases.
“As fuel prices and exchange rates remain volatile, creating savings for your home or business for the next few decades is a practical way of hedging and preparing for the future,” Tong said.
GreenHeat said it has installed more than 48 megawatts of solar capacity across commercial, industrial, and residential clients, including schools, malls, manufacturers, and development organizations.
The firm also highlighted its end-to-end services, from engineering design and installation to operations and maintenance, as well as system audits for existing users to improve performance.
