Today solar plate rate in Bermuda

An abrupt slash in payments to Bermuda residents who invested in solar energy is based on “perplexing” calculations by the island’s energy regulator, according to two industry leaders. The . An abrupt slash in payments to Bermuda residents who invested in solar energy is based on “perplexing” calculations by the island’s energy regulator, according to two industry leaders. The . It is the rate at which customers with distributed renewable energy systems (such as rooftop solar PV) are credited for electricity that is exported onto the BELCO grid by their systems. The rate is ordered by the Regulatory Authority of Bermuda each quarter. Most solar systems in Bermuda are grid-tied and help save you money by consuming the solar energy for free while it is being produced during the day. BELCO is required to pay a rate for any excess solar energy you don’t consume during the day and this is known as the Feed in Tariff Rate. Renewable energy systems such as solar hot water heaters, solar photovoltaic systems and Micro-Wind Turbines, can stabilize your energy costs and reduce your reliance on electricity generated from polluting fossil-fuels that contribute toward climate change. A local alternative energy company is urging Bermudians to invest in solar panels now before American tariffs force the price up. Last month, the US announced a range of duty of between 21.31 per .