Mexico City - Telecommunications company Telmex, owned by one of the world's richest men Carlos Slim, is offering all of its customers that pay a monthly electric bill of more than 2,500 MN ($134 USD) to Mexico's state-owned power utility Federal Electricity Commission (CFE) the opportunity to purchase solar panels. This initiative, Telmex said, will enable these power consumers to considerably reduce their electricity bills.

According to the offer's dedicated page on the company's website, all of the customers who have their own roof with enough space to put the panels, which is estimated at approximately two square meters per panel, may have access to the offer.

Telmex specified that especially those residential customers under the regime of DAC (High Consumption Domestic) may benefit more from the offer, thanks to which they would save up to 98% in their electricity bill.

The company added that Telmex customers can pay for the photovoltaic system in cash or through a financing system with a down payment of 25% and 30%, and monthly installments ranging from 12 to 60 months with payment on their Telmex bill.

"Once the offer has been accepted and the first payment made, the installation of the PV system will be made in a maximum of one week, depending only on the time of authorization and delivery of the new meter by the CFE," the company stressed.

All of the PV systems sold through this offer will be installed under Mexico's net metering scheme, which is open to rooftop solar projects not exceeding in size 500 kW. Over the past years, the residential segment with high power consumption was one of the market's main drivers in the country.