Bahamas VAT change undermines renewable energy savings for Eleuthera business

The Eleuthera Chamber of Commerce president criticizes a VAT change on uncooked food, claiming it erodes support for businesses investing in renewable energy. The business aims to cut monthly electricity bills by up to $15,000 (50%) via solar installation, but the tax change increases operational costs, undermining the financial case. This highlights policy friction between tax reform and energy transition incentives in the Bahamas.