@Monique171
Monique, I live in South Australia where we have the highest electricity charges in the world. This has come about because our state government did not wish to have to replace their ageing coal fired power generation, and has set up large scale wind and solar farms and given incentives for consumers to generate their own electricity.
In theory this is great...South Australia, for almost all the year, now is a net exported of renewable energy to the Eastern states. No coal or nuclear fired generation takes place here and the gas fired generation is virtually mothballed now supplying very little power most of the time.
To push consumers into renewable energy, what our government did for consumers was to guarantee a 'feed-in' tariff of 40c per Kw for all excess energy fed back to the grid until the end of 2026 and power supply companies top that feed-in tarrif up to 60c per Kw.
Now, when you buy electricity at 60c per Kw.....what can you sell it at Monique???.....We have the most expensive electricity in the world.
But the effect of this Monique I have a combination of solar and wind power generation and I don't give a 'proverbial rats' how much power guests use, it costs me nothing! My power bills are neutral, some quarters I get a bill, some I get a credit when I am exporting more power than I am consuming. I have put in measures to restrict the amount of power wastage in the cottage with pnuematic timer switches for heating and a modest 80 litre hot water service so they can't spend 40 minutes under the shower. 80 Litres gives about 12 minutes of hot water at mains pressure.....if they want to stay in there longer than that....then it will be cold!
For me here in this state the 'break-even point' financially was a touch over two years. That is the time before the saving off-set the cost of the system, and I installed in 2011 so I am a long way ahead by choosing this path.
The other thing to consider is Monique, your property becomes considerably more valuable if it is self sustaining. We use our own power and our own water, and that coupled with the earning potential from our Airbnb cottage makes this property about $120,000 more valuable on the market than an equivelant property without these features.
I would probably not recommend wind power in the Bahamas, even though wind is the better power generation option! With solar there is a useful generation window of about 6 hours per day, because of the path of the sun. With wind generation there is a useful window of 24 hours per day when there is anything over an 8 knot wind!
But sun would be the major contributor in Jamaica I would think.
If you want any more information on this Monique I am happy to talk about it with you further.
Cheers.....Rob