Last November 2014, City Savings Bank opened its first ever solar-powered branch located in Gumaca, Quezon. The solar panel system aims to cut the electricity bill of the branch while promoting a cleaner and greener environment.
Committed to doing well by doing good while making long-term decisions that balance the interests of people, planet, and profit, CitySavings embraced solar power in promoting the practice of renewable energy.
The bank's 7.5 KW solar thin film flexi system is a grid-tied system that harnesses the sun's energy and turns it into electricity. This is installed on the roof sheets of the branch and converts the sun's energy into direct current (DC) electricity. The energy generated is stored in batteries then carried through wiring to a power inverter where it is converted into alternating current (AC) electricity. A 20KW Emergency Backup battery system was also provided connected to the server, lighting and security systems of the branch.
Based on 2015 records, a typical City Savings Bank branch has an average of 1,900 kilowatt-hour of electrical energy consumption per month. The solar power generator in Gumaca branch can produce an estimated 1125 kilowatt-hours of AC power per month with at least 5 hours of sun light. Having this calculated value; it truly reflects an excellent investment in lowering power consumption cost of the branch.
The bank takes pride in contributing towards a reduced carbon footprint that hopefully mitigates climate change threats.