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Financing My Solar PV System and Installation in Jamaica One of the top concerns in getting a Solar PV System installed is the cost. Depending on your energy needs, the cost of a residential grid-tie system in Jamaica could be as little as US$1500. However, that amount of money is much more than pocket change for the majority of the country. So the question is, what financing options, if any, are available for Solar Panel Installations in Jamaica? Fortunately we can tell you of at least 4 options that may be easier to use than you think! NHT Solar Loans A little known fact is that the NHT actually provides a loan for residential solar panel installation. This Homeowners loan is separate from the NHT benefit that Jamaicans are eligible for when purchasing their first house. There are two ways you can get it. You have to be eligible for this NHT Benefit and: You claimed your NHT benefit at least 15 years before OR You have not yet claimed your NHT benefit This Homeowners loan is given at extremely low rates that are dependent on a few factors. See the table below to know which rates you may be eligible for with an NHT loan. NHT Interest Rates for the different Income Bands effective April 1, 2020. Source: www.nht.gov.jm/loans/affordability Development Bank of Jamaica Residential Line of Credit The DBJ offers this line of credit for householders to purchase and install renewable energy solutions for their homes.According to the DBJ website, you can apply for a loan to finance up to 90% of a renewable energy project (up to a maximum of JMD$2M). They will give you up to 8 years to repay at a 9.5% sub borrower interest rate. This is a great option for someone that may not be eligible for the NHT Homeowner loan above. NCB SME Development Loan Fund The entrepreneurial spirit in Jamaica is especially strong. This means that if like many entrepreneurs you are using your home as the base for your business, you may be able to utilise that to qualify your home for this loan. The rates offered in this program are some of the best we have seen and can be as low as 6.5% for JMD loans. The major qualification for this loan is that your business must be operating as a registered SME. Other details can be found here. Unsecured Loans Many financial institutions offer unsecured loans that can be used for any project one desires. This option is last on our list as it is definitely the one that we would recommend the least. The rates for these loans tend to be quite high. The lowest interest rate advertised in 2020 for an unsecured loan was 18%! We would only recommend this option if you are intending to pay off this loan very quickly. While the task of organizing funding for your solar system installation may seem daunting, it's good to know that there are at least a few options available to Jamaicans! We at Saddle Energy Ltd. hope this information helps you in making your decision and are here to help you get started on your solar energy project.

JPS is requesting a 17% tariff increase In their latest submission to the OUR, the JPS is seeking a 17.5% increase for residential customers. The OUR outlined that the proposed 4.69% increase in the overall rate is explained by a change in the average non-fuel tariffs of approximately 17.53%, versus an expected reduction in the fuel tariffs of 6.10%. This is precisely why consumers should seriously consider the option of a solar PV system. A solar PV solution will insulate you from the vagaries of changing tariffs and fuel prices, and the Jamaican dollar exchange rate. Payback times are less than 3 years, and you will have consistent and predictable electricity bills for the next 20 years.

View current solar promotions from Saddle Energy Ltd, including discounts on solar panel installations, battery storage packages, and NHT-approved solar financing in Jamaica. Take advantage of limited-time offers designed to help homeowners and businesses switch to clean, affordable, renewable energy while saving on installation costs and long-term electricity bills. Promotions Check out the promotions below to get an idea of what a Saddle Energy Ltd. solar PV system may cost you! Please keep in mind that every household/facility has their own specific energy usage. We offer a free consultation during which we get the details needed to design the best system for your facility. All quotes are inclusive of equipment and labour. Simply click the link below to share your details with us! Get Your Free Quote!

View past solar projects completed by Saddle Energy Ltd across Jamaica, featuring residential and commercial solar panel installations, battery storage systems, and photovoltaic (PV) designs. Explore real examples of reliable renewable energy solutions that reduce electricity bills, improve energy independence, and demonstrate our commitment to quality workmanship and dependable customer service. Solar Testimonials and Past Projects Mineral Heights, Kingston This particular roof had a very steep slope and could have proven a difficult task for non-professional installers. The team at Saddle Energy uses only professional installers that are trained to handle the widest variety of rooftops and mounting situations! "I would say that my experience with Solar Energy has been amazing. The installation went smoothly, and I am seeing up to a 60% reduction in my JPS bill." Mr. Allan Toppin, Kingston Drax Hall Country Club, St. Ann Homeowners at the Drax Hall Country Club benefitting from Saddle Energy Solar PV Systems. Pictured here are 2kW systems, with roof space remaining for an additional 4kW. "Not too long ago, JPS had a scheduled power cut from 9am to 5pm, and my Solar System took us through the outage without a hitch! It was well worth the investment, as I know it will pay itself off in a few years. I am definitely a supporter." Mr. Christopher Denny, Kingston Kingston A hybrid battery backed system installed in Kingston. The wall mounted 8kW inverter and 10 kWh of batteries are neatly installed in this 5kW system, with room for expansion. "Even with the recent heavy rains, our grid-tied system reduced our bill last month by over $40,000. Installing it was one of the best decisions we've made." Manager, PuzzleIT! Jamaica, Kingston

Contact Saddle Energy Ltd to request a solar quote, schedule a site visit, or speak with a solar specialist in Jamaica. Reach our team for residential and commercial solar panel installations, battery storage, NHT-approved financing, and customer support. Get expert guidance on the right photovoltaic (PV) system to meet your energy needs and budget. Contact Us Address 19 Wellington Drive, Kingston 6, Jamaica Phone/Whatsapp: 876-827-4793 / 876-884-5528 Contact us here: zennis.saddleenergy@gmail.com , info@saddleenergy.com Hours Monday—Friday: 9:00AM–5:00PM Saturday & Sunday: 11:00AM–3:00PM

Blog How to save energy during Jamaica’s COVID-19 lockdown 20 November 2025 at 2:22:17 pm Read More JPS is requesting a 17% tariff increase 20 November 2025 at 2:22:17 pm Read More Financing My Solar PV System and Installation in Jamaica 20 November 2025 at 2:22:17 pm Read More How do Solar Batteries work during a Power Outage? 20 November 2025 at 2:22:17 pm Read More DIY Home Energy Audit from JPS. 20 November 2025 at 2:22:17 pm Read More EV Range World Record 20 November 2025 at 2:22:17 pm Read More