Low-Cost Renewable Energy Benefits and Group-Purchase Enrollment for Local Residents from Solarize St. Thomas Ends Soon
St. Thomas, U.S.V.I. — Solarize St. Thomas, the community-based campaign for renewable energy, is in its final few weeks of offering solar energy's value and benefits to St. Thomas residents and business owners through the power of discounted group purchasing. The deadline to sign up for a free, no-obligation evaluation of your property is fast approaching — Dec. 31, 2021.
The campaign, which launched locally in January, has had more than 100 homeowners enroll to request a free solar power evaluation for their properties. Already, 10 contracts for solar installations have been completed adding up to 61kW of new solar capacity and 178kWh of new battery storage capacity, resulting in 132,000 lbs annually of avoided CO2 in the Virgin Islands.
Coalition organizations involved in ensuring Solarize St. Thomas reaches more residents locally include Rotary Club of St. Thomas East ECO, UVI’s Caribbean Green Technology Center, Environmental Association of St. Thomas-St. John, Virgin Islands Conservation Society, VI Electric Vehicle Assoc.-North, and Solar Crowdsource as well as the Virgin Islands Energy Office.
Those who enroll for free by the end of the month will receive a custom evaluation indicating how a solar power installation on their property will lower their monthly utility spending. Transitioning to this more resilient and reliable form of renewable energy also positively benefits the Territory’s environment.
To make solar energy significantly more affordable, the Solarize St. Thomas campaign leverages the power of group purchasing. The more St. Thomas property owners who participate, the greater the cost savings for all. The campaign is currently in its Tier 2 pricing level making Solarize St. Thomas one of the best deals on high quality solar energy and storage systems available in the Territory.
“By enrolling now at no cost or obligation, you can learn about how solar energy plus battery storage can potentially benefit you, including the number and location of solar panels on your property, the amount of energy you can generate and monthly savings by purchasing through the Solarize campaign," said Jason Budsan, President of Virgin Islands Conservation Society. “This is a communitywide effort for all St. Thomas residents more affordable access to renewable energy and to offset their ongoing utility spending for years to come."
A federal tax credit of 26% is available through the end of 2022. A no money down, low-interest financing option is also available for qualified homeowners and businesses. The financing option is offered via PenFed with loans available up to $50,000 for six years and starting at 5 percent interest.
Once a resident enrolls, a free evaluation will be conducted by Silver Sun in the coming weeks and into the new year. As long as one signs up online by the end of this year, your property will still be eligible for the campaign’s discount pricing for a system installed in 2022.
Following a rigorous evaluation process in early 2021, the Coalition selected Silver Sun Solar of St. Thomas to provide local property owners – both residential and commercial – with solar power equipment, battery storage and energy-saving technologies. The Coalition also forged a community project stemming from the Solarize campaign for qualified low- and moderate-income residents to receive portable and rooftop systems. Enrollment in the Solarize campaign is open to all regardless of income levels.
Interested residents and business owners can immediately enroll for free as well as learn more at solarizestt.com.
About Solarize St. Thomas: Solarize St. Thomas is a campaign forged by a local public-private coalition involving the Virgin Islands Energy Office, UVI’s Caribbean Green Technology Center, Rotary Club of St. Thomas East ECO, Environmental Association of St. Thomas-St. John, Virgin Islands Conservation Society, VI Electric Vehicle Assoc.-North, and Solar Crowdsource. Lowering the cost of solar energy and battery storage installations through the power of bulk-purchasing, reducing contractor acquisition costs and transferring those savings to the residential and commercial residents of St. Thomas is the goal of the Solarize St. Thomas campaign, which launched in early 2021.