Guyana’s solar panel project is now a necessity

Dear Editor,
I have been reminded that there are more than two million residential and commercial solar installations in the U.S, and what is more interesting is that it is predicted that, within the next couple of years, the percentage of solar-powered homes in that country is likely to reach 2.5%.
That is staggering, and it sends a message to us in Guyana: that is, that we need to keep plugging away at this solar thing. It is really a win-win situation. So, I am very happy for those “More than 300 households (who are) to benefit from Government’s 30,000 solar panel project.”
This news was recently made public by the Ministry of Housing and Water. The stats show that some 97 solar panels were distributed in Imbotero, 22 in Morawhanna, 58 in Hobodeia, 68 in Hotoquai, 55 in Assakata, and 12 in Lower Koriabo.
Editor, if this is not modernisation and development, then tell me what this is. I am so elated overall, and I must give kudos to the ruling People’s Progressive Party/Civic (PPP/C) for staying with this initiative. Many may treat it as unnecessary and trivial, but for them I have news.
First, there are huge and considerable implications for the real estate and housing construction markets when homes are equipped with solar systems. There’s little doubt that the installation of a new solar system is costly, but when this happens, homeowners, if they should later sell, can expect to recoup more than 90% of their investment in property value, not to mention the additional energy-saving costs that would add up over time.
But bear in mind this input comes with the compliments of the PPP/C Government. That is why I stated that it’s a win-win situation for the recipients.
Where selling is concerned, studies have indicated that the addition of solar panels can increase the value of a home by 4.1%. Other studies suggest that the value increases by as much as $6,000 per kW installed.
The next big boon for solar investment lies in the fact that, with installed solar power systems, numerous benefits are derived: lower electricity bills, lower carbon footprints, and potentially higher home values. I admit that these benefits typically come with the installation and maintenance costs, but again, all of this is in the hands of the Government, and all that is required of the beneficiaries is that they exercise due diligence, and not take things for granted.
A timely closing reminder is that with residential solar systems, citizens can save money, lights can be kept on when the grid goes down, and the systems are usually designed to work in a variety of climates.
Since Guyana’s energy demand is growing rapidly, it goes without saying that more solar power projects must be coming onstream in both coastal and hinterland areas if we are to meet that demand. Just think on this: Peak demand for electricity in Guyana stands at about 153 megawatts (MW) currently. In coming years, however, that demand is expected to triple.

Yours truly,
HB Singh