Blog :: 11-2020

Going Green: The Growth of Solar Energy in The Bahamas

 

As a country with an abundance of sunshine, The Bahamas is slowly but surely taking advantage of all the benefits that come along with solar energy in terms of improving the country and livelihood of its citizens. In fact, The Bahamas has about 340 sunny days a year! As people begin to look for more sustainable ways to reduce energy consumption and save on costs, more individuals and companies in The Bahamas are opening their eyes to all the possibilities solar energy can bring. 

 

Cutting Down the Electric Bill 

The residential real estate industry has seen an uptick in solar-powered homes throughout the years, with some homes even going completely solar, like this home on Paradise Island which was recently sold by Bahamas Realty agent, Andrea Brownrigg which is completely powered by its own solar grid.

Luxury Home in The Bahamas with Solar Panels | Bahamas Realty

 

Homeowners have recognized the positive impact solar energy can have on their cost savings in the long run. For many homes, the electricity bill makes up a large portion of the expenses so when the energy costs are cut, money will be saved. In addition, the rising energy costs make the transition to solar energy a no brainer for so many homeowners. Even a smaller solar panel for hot water can produce significant savings for the average household. 
 

Commercial Properties Benefit from Financial Savings and More 

Commercial companies like NAI Bahamas Realty Commercial have started making the transition to more sustainable energy solutions by changing out light bulbs to LED, replacing HVAC units with energy-efficient ones, and having programmable thermostats in offices. Although these changes may seem small compared to installing full-blown solar panels, these efforts have led to 25% average savings in energy across the buildings that NAI Bahamas Realty Commercial manages. 

“Many office buildings in The Bahamas are older, and most are multi-tenant buildings. Achieving energy efficiency in these spaces has its challenges. We work with landlords and tenants to help them make practical changes to reduce energy waste which benefit both parties in the long run,” said Donald Martinborough, CEO of Bahamas Realty and NAI Bahamas Realty Commercial 

Not only are there direct financial benefits of a green, efficient space, but embracing green energy ideals can have positive impacts on a company’s brand and community relations. The added benefit? A strong relationship between tenant and landlord and a more attractive commercial space for future tenants. 

“When renovating or building out a new space, tenants and landlords have a great opportunity to collaborate and go green. Relatively small changes in the design and build-out of the space can have a big impact on its energy efficiency and sustainability,” said Martinborough. 

Bayside Bahamas Commercial Building | Bahamas Realty


The Bahamas Goes Green 

The solarized project forged between the government of The Bahamas and the United Arab Emirates (UAE) is an agreement signed in 2017 to “accelerate sustainable development” in The Bahamas. This $4 million dollar aims to save The Bahamas $350 thousand dollars and annually offset over 800 tons of carbon emissions by displacing thousands of litres of diesel fuel with a grid-tied solar system. 

Similar to the agreement signed in 2017, Bahamas Power & Light (BPL) launched the Family Island Solar Program with support from the Rocky Mountain Institute (RMI) and Carbon War Room’s Islands Energy Program. This program proposes to develop “solar-fueled power systems” on the Family Islands of Andros, Bimini, Eleuthera, and Inagua with hopes of meeting 30% of the electricity by the year 2030. 
 

What changes are you making to move toward a greener, more energy-efficient environment? 

Contact us to learn more about our commercial property management solutions, and how we can offer guidance in a green build-out. 


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Bahamas Extended Access Travel Stay (BEATS) - Live and work or study from The Bahamas!

Find your rhythm and call The Bahamas home for a year!

The Bahamas government has introduced the Bahamas Extended Access Travel Stay (BEATS), a one-year extended-stay visa that offers the opportunity to live and work remotely or study from any of our beautiful islands. 

The Perfect Work-Life Balance

Make your work-from-home experience one of tropical breezes and sunshine soaked days. There has never been a better time for a change of scenery. The Bahamas offers a relaxed and fun beach-going lifestyle, with modern infrastructure, amenities, and services. With many direct flights from the East Coast and one-to-one US & Bahamian currency, doing business is as simple as opening up your laptop. 

Go Beyond the Classroom

With the BEATS program, students are invited to discover life on a new island, while having full access to the University of The Bahamas' counsellors, online library databases, and facilities. With campuses and centres on New Providence, Grand Bahama, San Salvador and an open learning platform, the University of The Bahamas (UB) extends your learning environment to the entire island chain of The Bahamas.

Learn more and apply for your BEATS visa: www.bahamasbeats.com 

 

There is a beach view to suit every budget. Contact us today to start exploring. 

Comments

  1. Janice Casey+ on

    I would love to come to the Bahamas for a year.and study or work.
    • Michelle Martinborough on

      You won't regret it! Let us know if we can help you find a place to call home if you decide to take advantage of the BEATS Visa.
  2. Marina Yacoe on

    I am interested in this visa form my family. I will be pursuing my PhD online and this could be an amazing opportunity to get my work done while ebony the climate and relaxed environment of the Bahamas. How much money do I need to prove I have access to I order to be granted this visa? Thank you
    • Bahamas Realty on

      That's great, Marina! We recommend taking a look at the FAQ section on the BEATS website for information on how to apply for the one year visa: https://www.bahamasbeats.com/faq If you would like any help finding a place to live when you arrive, we'd be happy to help!
  3. Tim on

    Do you know if my employer will be called by the government if I apply for BEATS?
    • Bahamas Realty on

      They do reserve the right to contact your employer.

Positives in The Bahamas retail space. Is this the push we needed?

The COVID-19 pandemic has necessitated a dramatic shift in how in-person business is conducted in The Bahamas. How retail businesses have adapted, or in some cases, faltered, during the crisis may hold valuable lessons for the future of commerce in the country. If these lessons learned can be applied to our commercial spaces, could this be the push needed to revitalize downtown Nassau?

The Bahamas’ lack of urban planning and infrastructure is not well suited to home deliveries, yet we have seen many examples of innovative Bahamians offering grocery delivery across New Providence. Most Bahamian businesses have used a messenger service for years to deliver documents to other businesses, but imagine the industry’s growth and effectiveness if we invest in urban planning for our Capital city. 

Due to a lack of available land, and the age of most commercial buildings, drive through operations are a scarcity around town, yet over the past few months we witnessed curbside delivery of everything from paint to lawn mowers. Makeshift drive through pharmacies were established in parking lots with nothing more than construction cones.

Will we see a push to remodel or replace our commercial buildings to allow for the new norm?

The tourist retail market has become a ghost town, most stores shuttering their windows and doors painfully awaiting the day when the cruise ship industry returns. Could this be the ideal time for the downtown revitalization project to take hold, to replace the t-shirt shops and jewelry stores with unique cafes, boutiques, green spaces, music venues and a beautiful boardwalk?

Cities across North America have transformed their deserted downtowns into tourist attractions, why can't we?

The idea isn't a new one, but change has been slow to come. The Downtown Nassau Partnership , a public and private sector joint venture, was established in 2009 to assist with overseeing the restructuring of urban space on New Providence. This includes a social and economic transformation of the city of Nassau. However, few of the groups plans have come to fruition due to lack of funding and other roadblocks, including a lack of support from business owners in the more dilapidated downtown areas. 

A step in the right direction.

Recently, demolition began at the Prince George Wharf as the transformation of the new Nassau Cruise Port kicked off. The nearly $300M project is being spearheaded by Global Ports Holding, the world’s largest cruise port operator, and aims to completely revamp the area into a world-class port destination complete with open spaces, a museum and amphitheatre. The ambitious project aims to lead in the much anticipated, and long overdue redevelopment of Nassau's struggling downtown core.

Will this pandemic be the push The Bahamas needs to move forward?

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