Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
Social
Caribbean
International
More News
The Star
Financial Gleaner
Overseas News
The Voice (UK)
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Careers
Library
Power 106FM
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News



NHT to give $1m solar panel loan
published: Friday | July 25, 2008

Richard Morais, Gleaner Writer

WESTERN BUREAU:

AS PART of its thrust to play an integral role in com-munity development, the National Housing Trust (NHT) has introduced a $1 million solar panel loan, which will allow home-owners to use sun-energised electricity power supplies.

"As a developing nation with a fragile ecosystem, Jamaica has increasingly incorporated, within its overall sustainable development strategy, sustainable energy policy," NHT regional manager, Norris Rainford, said. "As such, we have acknowledged the integral role which solar and renewable energy sources must play in fuelling development."

Rainford was speaking at a solar forum and exhibition, under the theme 'Alternative Energy the Way Forward', hosted by the agency's St James and Trelawny branches in Montego Bay on Wednesday.

15-year repayment

The maximum loan amount is $1.2 million, which is about the cost of the plant, repayable over 15 years. Persons who access the maximum amount will access the funds at interest rates of two and eight per cent.

The solar panel systems are said to have a 25-year warranty and require virtually no maintenance with a minimum battery life of seven years. It is built to withstand 125 mile per hour wind and will start losing power after about three days of total overcast conditions.

According to one of the presenters, Louise Henriques of Automatic Control Engineering Limited, solar system energy conservation is paramount. She said that, with the current system of energy, all items using energy can be on while, with solar power, the more energy used is the less the system has available.

"Therefore, a highly conservative household can still have energy even after the three days of no sunlight."

The NHT will continue its solar water heater loan, as high as $100,000 repayable over five years at a three per cent interest rate.

Other presenters at the forum and exhibition included Pete Hylton of Hylton's Plumbing, Welding and Solar Heater and Glenbert Comrie of Solar Technologies Limited.

More News



Print this Page

Letters to the Editor

Most Popular Stories






© Copyright 1997-2008 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner