The Social Security System (SSS) on Friday announced plans to roll out an Energy Sustainability Loan Program that will allow qualified members to avail of financing to install residential solar panel systems that they can pay for up to seven years.
According to SSS, it targets to support at least 100,000 homes by 2028 through the program amid the rising electricity costs and the government’s push for long-term energy sustainability.
The agency has yet to release specific details for the program, but said the program will be made available for members with a Mandatory Provident Fund account.
The Mandatory Provide Fund Program is a compulsary retirement savings scheme that automatically enrolls members that contribute to the regular SSS program with a monthly salary credit over P20,000.
SSS reported a P142.97-billion net income in 2025, while its reserve fund surpassed the P1-trillion mark for the first time on record.
“Our strong financial position allows us to invest directly in better services, new technologies, infrastructure upgrades, and programs that will improve the experience of our members,” SSS president and chief executive officer Robert Joseph de Claro said in an emailed statement.
The Philippines, a net importer of fuel, has been impacted by the conflict in the Middle East, prompting President Ferdinand “Bongbong” Marcos Jr. to declare a state of national energy emergency in March.
Meralco this month cut down its rates by 1.51 centavos per kilowatt-hour (kWh), bringing the overall household rate to P14.335 per kWh from P14.3496 per kWh in April. This translates to a P3.02 decrease in the monthly bill of a typical household consuming 200 kWh. — BAP, GMA News

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