Solar power booms in Philippines as war on Iran spikes energy costs

Philippines solar power boom: Iran war spurs demand for renewable energy sources Manila, Philippines – Keith Cantera and his family have been thinking about having their own solar power grid at home for years. But spending up to $5,000 for solar panels was nothing to scoff at, so they put the idea on the back burner. It all changed this year when the United States-Israel war on Iran rattled global energy markets and sent electricity prices soaring. From paying a monthly bill of about $150 before the war began in late February, Cantera said his family went to forking out as much as $220. Eight months later, they are having solar panels installed on their rooftop.