Manila: Applications for the Government Service Insurance System's (GSIS) Ginhawa Solar Energy Loan (GSEL) have reached PHP5.7 billion as of April 21, signaling sustained demand for solar financing among government workers amid high electricity costs. GSIS President and General Manager Jose Arnulfo "Wick" Veloso said on Wednesday that the strong uptake reflects growing interest among members in shifting to solar energy to manage household expenses.

According to Philippines News Agency, Veloso emphasized that the GSEL program is helping members take control of their electricity costs by providing access to financing for solar panels. He noted that while the shift to cleaner energy is an added benefit, the immediate value for many families is the savings on monthly expenses.

Under the GSEL program, qualified members can borrow up to PHP500,000 at a 5 percent annual interest rate, payable over five years, with a maximum monthly amortization of PHP10,416.67. The loan also includes three years of free insurance for solar panels, offering additional security for borrowers.

One of the borrowers, Judith Rabacal of Northern Negros State College, expressed optimism about the financial benefits. She shared that her solar system has been installed, and she is anticipating lower electricity bills in the coming month.

GSIS reported earlier that it had approved 1,200 solar loan applications worth around PHP400 million within the first 24 hours of the program's rollout, demonstrating the strong initial demand. Launched on March 25, 2026, the program aims to ease electricity costs while promoting renewable energy use at the household level.