GSIS Releases Over ₱10 Billion in Solar Energy Loans to Government Workers and Pensioners
GSIS SOLAR ENERGY LOAN – The Government Service Insurance System (GSIS) has now credited more than ₱10 billion in solar energy loans to government employees and pensioners, as more members turn to rooftop solar panels to bring down their monthly electricity bills.
In an update released on Wednesday, November 11, the state pension fund said its Ginhawa Solar Energy Loan (GSEL) program has received 66,233 applications worth a total of ₱19.81 billion as of the same day, People’s Journal reported. The Philippine News Agency also reported the GSIS update.
How Much GSIS Has Released So Far
Based on the figures shared by GSIS as of November 11, 2026:
- Total applications – 66,233, amounting to ₱19.81 billion
- Already credited to borrowers – ₱10.12 billion
- Granted but not yet credited – ₱57.17 million
- Combined credited and granted loans – ₱10.18 billion
- Applications still being processed – ₱87.37 million
According to GSIS, some members and pensioners who installed solar panels through the program have seen their monthly electric bills drop from around ₱5,000 to ₱7,000 down to as low as ₱300. For a household that used to pay ₱7,000 a month, the agency noted this could mean about ₱80,400 in yearly savings on electricity, before loan payments and installation costs are taken into account.
“For an ordinary government employee or a pensioner, that represents substantial savings that can instead be spent on food, education, healthcare, and other family needs,” GSIS President and General Manager Jose Arnulfo “Wick” Veloso said.
GSIS Ginhawa Solar Energy Loan Features
GSIS launched the GSEL in March 2026 for active government workers and later opened it to qualified pensioners. Here are the main features of the loan:
- Loanable amount – up to ₱500,000
- Interest rate – 5% per year
- Payment term – up to five years or 60 monthly installments
- Service fee – none
- Insurance – three years of free coverage for the installed solar panels against fire, lightning, typhoons and earthquakes, subject to terms and requirements, plus loan redemption insurance
- Where to apply – through the GSIS Touch mobile app
The GSIS Board of Trustees earlier approved ₱12.5 billion for the program, including ₱60 million for insurance coverage. When the loan was extended to retirees in October, The Philippine Star reported that qualified pensioners may also borrow up to ₱500,000 payable in up to five years at the same 5% annual rate, subject to eligibility and documentary requirements.
Why It Matters Amid El Niño
GSIS said the program supports the government’s push for energy security and renewable energy. It noted that El Niño can bring long dry spells and hotter weather, which may reduce hydropower output and raise household demand for electricity.
Borrowers who install solar systems may also apply for the government’s net metering program, which lets households send excess electricity to the distribution grid in exchange for bill credits, subject to the applicable requirements.
Interested members and pensioners may check the loan details and eligibility on the GSIS Touch app or the official GSIS website.
Are you planning to switch to solar power? You may also want to read about the GSIS Ginhawa Go loan and its monthly amortization.
