AES (Bermuda) announces Bermuda’s first solar leasing scheme

Alternative Energy Systems (Bermuda) Ltd has introduced Bermuda’s first solar leasing programme
AES (Bermuda) announces Bermuda’s first solar leasing scheme

Bermuda’s first solar leasing programme has been launched by AES (Bermuda) Ltd, a company that has been involved with the region’s renewable energy economy since 2008. The programme uses SunPower solar starter kits and is intended to make solar power available to anyone in Bermuda interested in reducing their reliance on fossil fuels.

The programme offers recipients the chance to have solar energy installed in their homes at no up-front cost with the prospect of generating savings on their electrical bills. The solar starter kits include six high-efficiency SunPower 240 watt ACPV panels, a SunPower web-based monitoring kit, all government fees, permitting costs, complete installation and commissioning of the system.

The panels incorporate Maxeon all-back-contact solar cell technology which SunPower claims can capture up to 50 percent more sunlight than conventional front-contact panels. The package also comes with a web-based monitoring kit that enables homeowners to track energy production in real time from any location in the world via a computer or smart device. The 1.44kW system will produce approximately 2,200kWh of energy per year, and requires only 80 sq. ft. of roof space.

“In the past year we have seen a phenomenal move to solar power in the residential market in Bermuda” said Tim Madeiros, CEO of AES. “To continue the momentum AES is introducing this financial mechanism to further encourage the transition to solar technology among Bermuda residents. It is AES’ goal to make solar technology accessible to everyone in Bermuda, which in turn will reduce the island's reliance on expensive imported oil that significantly drives up our cost of living and operating a business.”

The leasing programme also offers a fresh, modern approach to the energy industry in Bermuda, added Madeiros.

For additional information:

AES (Bermuda)

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