This is part 2 of the Barbados FIT series; part 1 can be read here “Barbados Feed-In Tariff in the works“. After a few years of program creation and industry consultation, the Barbados FIT program was slated to launch on July 6th, 2019. However, there were some delays and additional fine tuning before the Fair … Continue reading
This is part 1 of the Barbados FIT series; part 2 can be read here “Barbados FIT Program Launched“. As solar power matures and becomes more of a mainstream source of power generation, the “training wheels” phase of feed-in-tariff programs around the world is coming to an end. The underlying concept was to provide long … Continue reading
Barbados continues to maintain a leadership position in solar energy within the Caribbean. Building on a successful Renewable Energy Rider program which has seen 9MW of distributed solar PV installed, the electricity market has finally opened up to independent power producers (IPPs) to develop utility scale solar projects. This is the first time in … Continue reading
All things being equal which house do you think will sell for more, the one on the left or the right? As solar power becomes more commonplace globally, houses with installed solar panels are entering the real estate market. If you have installed a system or are thinking of it, you may ask “Does … Continue reading
As much as solar energy is about saving the planet, helping the environment and creating a more sustainable society for future generations, the increasingly popular driving force is money. A solar PV system has to make economic sense before a homeowner or business owner makes a purchase. What better way to learn about the financial … Continue reading
Barbados Light and Power has introduced a Renewable Energy Rider program, following a successful pilot program, whereby electricity generated from renewable energy sources result in credit being accumulated on the customer’s account. Renewable energy generation can be from wind turbines or solar photovoltaic systems. The maximum size allowed for residential electricity users is 5kW … Continue reading
The upfront capital cost for a residential solar PV system in Barbados is currently in the $16,000-$40,000 price range which is reasonable now and will continue to become more affordable in the future. Until then, reducing the current upfront cost can be achieved by: Purchasing a smaller system If a system to offset all of … Continue reading
