Those who are approved for mortgages in government’s Access to Affordable Homes program will also be offered loans to assist with installing solar appliances in their new homes.
Minister of the Environment and Housing Romauld Ferreira said yesterday that it’s a part of Prime Minister Dr. Hubert Minnis’ pledge to reduce energy costs for Bahamians.
“That is a component of it, we want to encourage persons to put in small photovoltaic systems or solar water heaters, so we have been stressing that and we are prepared to assist where we can,” Ferreira told reporters at Wesley Methodist Church during a press event.
“The Ministry of Environment and Housing wants to embark on, particularly we are very interested in, assisting with solar water heaters. In other words, assisting to see if we can make the financing available as a part of the mortgage in association with the Bahamas Mortgage Corporation for individuals to do just that.”
Last week he urged hotel and tourism industry stakeholders to “transition as quickly as possible to renewable energy and to solar energy in particular”.
In January, Minnis said his administration will partner with various stakeholders and professionals to “embark upon an ambitious plan to significantly increase the use of solar energy in The Bahamas” before the end of its term.
He also recently said the government will “do everything that we can to reduce energy costs not just for the tourism sector, but for all residents and businesses in The Bahamas”.