A green energy firm is to lease solar panels to homeowners — a first for Bermuda.

The offer from Alternative Energy Systems (AES) allows domestic users to get six solar panels installed with no upfront cost.

AES CEO Tim Madeiros said: “In the past year, we’ve seen a phenomenal move to solar power in the residential market in Bermuda.

“To continue the momentum, AES is introducing this financial mechanism to further encourage the transition to solar technology among Bermuda residents.

“It is AES’ goal to make solar technology accessible to everyone in Bermuda, which in turn will reduce the Island’s reliance on expensive imported oil that significantly drives up our cost of living and operating a business.”

Those who sign up will get six SunPower 240w solar panels and a web-based monitoring kit, fully installed and commissioned, as well as Government and permit fees paid.

AES said that the kit, which takes up 80 square feet of roof space, 2,200 kilowatt hours of power a year and comes with a 25-year guarantee.

The monitoring kit allows uses to keep track of energy production from anywhere in the world using a computer or mobile device.

Mr Madeiros declined to comment on leasing costs — but he said: “The costs will be less than energy saved so the customer can realise an immediate savings on energy.”

He added: “This leasing programme offers a fresh, modern approach to the energy industry in Bermuda.”

AES, founded in 2008 by Mr Madeiros, a former Belco employee, has installed more solar panels than any other firm in Bermuda.

For more information or to schedule a free site assessment visit, call AES on 505-0804 or e-mail tim.madeiros@aes.bm.