The most common reason homeowners give for not going solar is the XCD 45,000 upfront cost. The good news: financing options exist that let you go solar with little or no money down — and in most cases the monthly loan payment is less than the electricity savings from day one.
Cash Purchase
Simplest and most economically optimal. No financing costs. IRR at current APUA rates: ~14.2%. Payback: 7.5–8.5 years, then ~17 years of essentially free electricity. Best for households with available savings.
ECAB Solar Loan
~8.5% p.a. over 7 years. Monthly payments ~XCD 700–720 on XCD 45,000 — essentially matching monthly electricity savings of ~XCD 675–700. Cash-flow neutral from month one. After 7 years, you bank the full saving for the remaining 18 years of system life.
FirstCaribbean / RBTT
9–10% over 5–7 years. Slightly above savings during repayment but faster payoff and lower total interest. Good for existing bank customers who qualify.
Installer Financing
Some local installers have point-of-sale financing. Reduces friction in the purchase. Ask any installer before assuming you need a separate bank loan.
What to Watch
Compare total loan cost, not just monthly payment. Ensure equipment warranties cover the financing period. Use the Solar Calculator to model cash flows before committing.