Solar power is the most potential source among renewable energy sources in Bangladesh.The main objective of the study is to investigate the socio-economic impact of solar energy on the household respondents of Saint Martin’s Island of Bangladesh. Primary data were collected randomly from 119 sample household respondents by questionnaire survey method. Stratified sampling method was used to collect data for analysis. The findings of the study reveal that the majority of households using solar panel are headed by male and they are dependent on loan for installing solar panel. On the impact of using solar panel, 93% of the respondents expressed that their education level has increased; 87% of them reported that their economic condition has improved; and 94% admitted that their life standard has improved after installing solar panel. They also mentioned that they are getting some benefits from solar energy over the other sources of energy like kerosene, wood, charcoal etc.  This study will be helpful to concerned parties in Bangladesh to emphasize the need for spreading the uses of solar panel in rural Bangladesh.