SOLAR IN CAYMAN
The Cayman Islands have 325+ days of sunshine available to us each year.
As recently stated on Cayman Resident, "Cayman’s goal of obtaining 25% of its power from renewable resources by 2025 has raised discussion for alternative ways of doing this".
The island sees the direction the world is going and is working on ways every day to bring this to its residents in the most financially sustainable way possible.
Solar is still a growing business here in the Cayman Islands, and there are more and more companies popping up every day offer unique solar offerings.
With the drastic changes happening in the world and the realization shifts that the COVID-19 pandemic has created, the island focuses more on how we can transition to being a sustainable island for our tourists and our locals.
Currently, the Government does not offer subsidies as an incentive when switching to solar power. Still, CUC has an initiative called Distributed Energy Resources Programme, whereby CUC will buy alternative energy from independent sources.
If you have solar panels or other renewable energy sources generating electricity for your home or business and meet program requirements, CUC will buy that power from you at a fair rate.
Another benefit is that renewable energy equipment such as solar panels is, in fact, duty-free for residential homeowners.
The DER Programme will allow for the continued growth and participation of customers in the renewable energy sector, reducing greenhouse gas emissions and the country’s carbon footprint.
For more information and details on the program