Security Bank, Helios offer solar housing loans

Security Bank Corporation and Helios, the country’s pioneering climate fintech firm behind the innovative solar mortgage program, have joined hands to include solar panels in housing loans.

“By leveraging each other’s strengths, we aim to position our solar mortgage offering not merely as an option, but as a necessity,” said Security Bank Senor Vice President and Secured Lending Division Head Paz Gonzalez said in a statement.

She added that, “This partnership encompasses a referral arrangement, wherein Helios will direct prospective clients to Security Bank for home loans inclusive of solar panels; utilization of the home equity option for solar panel acquisition; and solar mortgage to eligible clients through our Top-Up Program.”

The cornerstone of this partnership is the creation of a groundbreaking financial product that integrates solar panel purchases into new or existing housing loans offered by the Bank.

This approach not only makes solar energy more accessible but also provides homeowners with a cost-effective solution to embrace renewable energy.

“Solar mortgages, led by Security Bank, will completely change the way solar is sold and the way we generate value from our homes,” said Helios Founder and CEO Hsin Yao Cheng.

He added that, “We don’t have to wait for capital appreciation or rental income. [You can] add solar for zero down today and create a completely passive income stream for your family, all with zero downpayment today.”

One of the key highlights of this collaboration is Helios’ commitment to ensuring quality and reliability in solar panel installations.

Helios collaborates with reputable solar panel providers nationwide, offering panels with a 25-year warranty, providing homeowners with peace of mind and long-term savings on their energy bills.

Moreover, Helios prioritizes preventive maintenance and consistent support to ensure the efficient functioning of solar systems throughout their lifespan.

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The article was originally published in Manila Bulletin and written by James A. Loyola.