Record Number of Installations Makes AES the Largest Supplier of Solar Energy in Bermuda

Posted by on Nov 16, 2010 in Local News & Alerts | 0 comments

Tim Madeiros, CEO, Alternative Energy Systems

LOCAL company Alternative Energy Systems (Bermuda) Ltd. (AES) has announced that its residential division has installed enough solar power systems to generate a record 50 kilowatts of power for homes in Bermuda, making AES the largest supplier of solar energy on the island.

According to the Environmental Protection Agency (EPA) in the United States, over a twenty-five year period, 50 kilowatts of solar energy could offset the emission of more than a thousand tons of dangerous pollutants including carbon dioxide (CO2), which is a major contributor to global warming. This reduced carbon dioxide emission alone is equivalent to removing 260 cars from the road or planting almost 15 acres of trees each year.

Tim Madeiros, CEO, Alternative Energy Systems, says: “I am thrilled to have reached this milestone not only because of the hard work I have put into building my business, but also because it shows the growing conscientiousness of Bermuda residents with regards to the environment.”

Charles Brown, Director of the Bermuda Government’s Sustainable Development Unit, who also finds this milestone encouraging, says: “The adoption of renewable energy systems is strongly encouraged on both a commercial and residential level; it’s good for Bermuda and is right on point with the sustainable development agenda.

“Our future will be significantly shaped by the extent to which we are prepared to change our current ways of thinking and behaving about energy and other necessities.”

Residential solar energy system

One reason people on the island may be embracing solar energy more is the new interconnection policy, which enables those residential customers who have small-scale renewable energy generation systems to sell excess electricity back to Belco at the same rate that they pay for power.

In addition, Mr. Madeiros feels that local residents understand the energy issues on the island in that at current rates of consumption and growth, Bermuda’s only power plant won’t be able to generate enough energy without expanding, and that expansion would only further damage the environment with pollution and increased CO2 emission.

With electricity in Bermuda costing three times more than in North America, Britain and most of Europe, local residents are also recognising the cost savings associated with going solar.

Carlos Amaral from Devonshire, an Alternative Energy Systems client who had a 10 kilowatt system installed last month, says: “I’ve gotten my first electricity bill with the new system and there is marked reduction.

“I can monitor the system online and I can see that the power being generated during the day by the sun offsets the consumption of energy at night.”

Like many people, Mr. Amaral’s initial hesitation about installing a solar energy system was the upfront cost.

However, Government incentives and the electricity buyback scheme from Belco prompted Mr. Amaral to go ahead with the installation.

“The return on investment is there when the system is paid off,” said Mr. Amaral. “I know the cost of electricity will continue to go up, so it made sense for me to take control of my energy costs now with solar power.”

With regards to the actual installation, Mr. Amaral says: “I was actually very impressed with the ease of installation. It was not disruptive at all.”

Along with Mr. Amaral’s system, AES has completed nine other residential installations to reach the 50 kilowatt milestone.

In addition, the company, which is wholly owned and operated by Bermudians, has several projects underway in its commercial division including contracts for large-scale installations with Lindo’s Group of Companies and Gorham’s True Value Home Centre.

AES manages all aspects of a photovoltaic project in-house to ensure a cost-effective and seamless solution for its clients.

AES offers a free site evaluation and financial analysis to residents and businesses. To book this service, please call 505-0804, email: tim.madeiros@aes.bm or visit AES online at www.aes.bm.

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