People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war in Iran started.

SINGAPORE/MANILA: People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world’s biggest…

Philippines emerges top solar panels market since Iran war beganRising power bills, outages drive higher panel demandLoan payback time drops as power tariffs...

The rooftop solar rush has resulted in US$407 million in panel imports from March to May, a 145 per cent increase from a year earlier.

Philippines led the world in solar panel spending as the Middle East energy crisis drove up power prices, customs data show.

Amid record-beating electricity prices and a supply crunch in fossil fuels, many Filipinos have opted to install rooftop solar panels over the past three months.

People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar…