VI Gov’t announces solar project to reduce electricity cost by 50%
The announcement was made today, April 18, 2024, by Minister for Communications and Works Hon Kye M. Rymer (R5) at a press conference today, April 18, 2024.
Hon Rymer says this venture comes as the government has become aware of the high cost of living in the VI.
“Today I am pleased to introduce one of those initiatives developed in support of that mandate, the Solar Technology Energy Program or STEP, which is meant to reduce the electricity bills of participant residential customers by as much as 50%.”
He said the system is expected to realise a positive impact in the near future with significant savings to come.
“This initiative will involve the installation of grid-tie systems that will allow electricity to be produced for customers from the sun, and in some cases, may result in financial credit being given to participating customers of the BVIEC."
BVIEC to purchase equipment
Hon Rymer said, in simplified terms, the BVIEC will purchase the equipment and cover the installation cost to significantly decrease the cost of electricity as it relates to the cost of imported fuel and have it installed for the customer.
He said the savings would be directed to recovering the setup cost, and when the setup cost is paid off, the savings would then be directed to the customer and would be seen in a lower bill total and or credits.
“By the end of the day today, BVIEC will post a survey on its website so that interested customers can register their interest in the programme, with the corporation taking the necessary steps to have the associated systems installed in the coming months."
Hon Rymer added that he is encouraging everyone on the VI to register for STEPS, which will also add to the VI’s sustainable agenda. He said the cost will be managed through BVIEC as a duty-free importer to keep the equipment importation cost at the lowest possible for the VI.
More details to follow.
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39 Responses to “VI Gov’t announces solar project to reduce electricity cost by 50%”
BVI is hurricane zone. Weddings could be questionable.
Nexxxt.....
In my opinion this promise may not be fulfilled any time soon. Why not? Base on the sewage system ongoing incompletion, what make anyone feel or that this will come to be, and at what cost, and to who? In addition, had we not been promised by successive governments that the sewage system would have been completed many years past?
Which country in this world that has a system in place that all its people are connected to the said system promised us.
Tell us more about this new BVI Electricity Plan.
We need more information.
In the main time finish the sewage problem in the BVI first. It is ongoing for more that twenty years
Lord knows that Wallace man scam the VI out of millions. How is the Anegada project?
Any update on Coxheath?
We watching atuh eh nuh.