Training Manual for Green Technologies Installers

Zero Your Electricity Bill

Steps in estimating how to reduce your electricity bill to zero by use of a solar grid-tie system (Applies to Barbados only)

1.  Locate the  Daily Avg. (kWh) column on your BL&P bill.

2. Add the present and the previous values and divide by two.
( This would give an estimate of  your average electricity demand)

3. Divide the kWh obtained in step two by Five(5). (this gives the size of the solar system in kW

4. Multiply the kW obtained in step 3 by $13,500.00 BDS to obtain and estimate of the cost of your system.

NB: This is an estimate of the cost of a system that would reduce you BL&P bill to zero, that is, you do not pay anything to BL&P


Funding

1.    Obtain a loan at an interest rate of 8% or better.

2.     Pay what you normally pay BL&P on the loan.

3.    Claim $5,000.00 income tax deduction  for the next five years.

4.    Apply your income tax refund of that claim to the principal of the loan.

5.    Complete the payment of the loan in eight(8) years or less.

6.    Enjoy“Free” electricity for the next 20 years after the loan is paid ( System has an estimated life of 30   years)

Welcome to Bajan Green Energy

Hi,
Welcome to the first post on Bajan Green Energy.
I encourage you to contribute concerning any issue of going green in Barbados.
Add your comments  about how conserve and use alternative energy sources in Barbados.
Welcome!
Trevor Headley
http://www.facebook.com/GreenTechnologiesBarbados