The Sun Blog

Is Solar Worth It in The Bahamas? Real 2–3 Year Paybacks

Solar panels on a coral-coloured Bahamian home

Is solar worth it in The Bahamas? If you own a home here and pay BPL every month, yes. Recent My Energy systems pay for themselves in about 2 to 3 years. We have never seen a payback of 5. Averages lately land between 2.0 and 2.9 years. After that, you get roughly two more decades of near-free power from the same roof.

Most “is solar worth it” articles are written for US homeowners with cheaper power and decade-long paybacks. Our math is different.

Start with BPL’s rate

BPL charges about $0.39 per kWh (the all-in rate, including the energy charge, fuel charge and VAT, that higher-use homes pay on every extra kWh, which is the power solar cuts first). A home using 1,500 kWh a month pays BPL about $512 a month, roughly $6,140 a year. Solar does not make that power cheaper. It stops you buying most of it.

What recent My Energy homes are seeing

From recent OpenSolar proposals, factory-direct ASG systems usually pay back in under 3 years. EP Cube systems, sourced from the US, run slightly longer. Our highest standard quote in the last few weeks was about 3.5 years. A phased or more complex install can stretch a bit further, but still lands well short of five.

Why so fast? Power at $0.39 per kWh, 4.7 peak sun hours a day to design around, and panels and inverters that come in duty-free and VAT-exempt.

Every roof and every bill is different. See your own payback number with our bill calculator, then get a free quote and sun study for a fixed written figure based on your roof and usage.

Solar at the source vs power from a station

Energy made on your roof is used where it is made. Grid power starts at the power station, point A, and travels over transmission and distribution lines to your home, point B. Along the way, some of it is lost as heat. These line losses depend on distance, load and voltage level.

Distant power station versus rooftop solar on a Bahamian home

The U.S. Energy Information Administration estimates US transmission and distribution losses averaged about 5% from 2018 through 2022. A U.S. Department of Energy report explains that as the distance to the load increases, losses increase, and that lower voltage means more current and more heat lost in the wires.

Here, a URCA audit of BPL puts New Providence system losses at 10.19% for 2022-23, a figure covering both energy lost in the network and power that was never billed.

So when a utility goes solar at a plant, customers do not get a one-to-one share of that energy. Rooftop systems still have small losses in their own wiring and inverter, but they avoid grid transmission and distribution losses entirely.

Utility solar does not stop blackouts

Utility solar is great. Fantastic, even. It is a definite step in the right direction. It saves BPL fuel money and will eventually move BPL out of the red and into the black. That may take several years, but at that point the actual utility bill can start to come down. On Abaco, EA Energy and BPL are building a hybrid solar and LNG plant, with solar scheduled to feed the grid from November 2026.

But solar at a plant does not stop an outage when a tree falls on a line or a plant trips. On July 30, 2026, a fire and transformer explosion at Blue Hills blacked out all of New Providence. You can still lose power even if your utility has solar plants.

One solar-powered home lit during a Nassau blackout

Your roof, your battery, your power

The only way to keep your own lights on through a grid outage is to produce energy on your own roof, store it in your own battery, and use it yourself.

Solar alone is not enough. Grid-tied panels without a battery shut down in a blackout. That is anti-islanding, a safety rule that protects line crews. As EnergySage explains, grid-tied panels automatically shut down when the utility goes out, even on a sunny afternoon, unless a battery lets the system disconnect and power the house on its own.

That is why we build around solar plus a hybrid battery with automatic switchover, like our ASG and EP Cube systems. When BPL drops, your home keeps running. It takes the grid out of the equation for the loads it covers.

What about net metering?

There is no net metering in The Bahamas today. Our systems are zero-export: panels power the house, the battery stores the surplus for night, and nothing is sold to BPL. The 2 to 3 year payback already assumes that.

On August 17, 2026, Prime Minister Davis said government is reviewing residential solar rules, including wider access to bi-directional meters and fair credit for excess power. That is under review, not enacted. If it passes, it is upside on numbers that already work.

Compare it to your generator

A generator never pays you back. Fuel, maintenance and a full replacement keep draining cash. In our 20-year solar vs diesel cost analysis, a typical 20 kW standby diesel in The Bahamas costs about $132,560 over 20 years on the Out Islands (360 hours a year of runtime) and about $91,400 in New Providence (150 hours a year). That includes purchase and install, diesel at about $7 a gallon, averaged maintenance of about $900 a year, and a full replacement around year 12 when coastal salt air finishes the first unit.

The same study values solar generation at BPL’s marginal rate of $0.39/kWh and finds a modelled solar-plus-battery system pays for itself in about 2.3 years, then keeps cutting the bill for decades. Solar covers outages with a hybrid battery and takes real money off what you pay BPL. A generator does neither of the latter.

When solar isn’t worth it

  • You rent. A rooftop system belongs on a roof you control, and your landlord likely won’t allow a solar system you can’t easily remove. Renters still have an option. We sell small solar generator backup systems that need no roof installation. They attach to a balcony or anywhere on the property without nailing or screwing anything into a roof, and they come down easily when you move.
  • Your roof needs replacing within a year. Fix the roof first, then go solar.
  • Your roof is heavily shaded. If trees cover your roof completely, it gets very little full sun in the day. You can cut a tree, put the panels on a ground mount, or talk to us about other options that place solar where the sun actually hits without limiting the whole array’s production.

Reclaim your power

Energy made on your roof. Stored in your battery. Used in your home. That’s what reclaiming your power is. That’s what sovereignty is. That’s what it means to use the sun in the Bahamas.

The sun is already on our flag, in that gold stripe. It is part of our life and who we are. Let’s make it our reality now.

Get a free quote and sun study from My Energy. We’ll look at your bill and your roof and show you exactly what solar with battery backup would save you.