Colored shade nets may affect plant growth and fruit yield of horticultural crops. The understanding of how colored shade nets influence plants, however, is far from complete. The objective of this study was to determine the effects of colored shade nets on bell pepper fruit yield, postharvest transpiration, color, chemical composition, and antioxidant capacity. The experiment was conducted in Tifton, GA, during the spring of 2015 and 2016. The experimental design was a randomized complete block with four replications and five colored shade net treatments (black, red, silver, and white nets, and an unshaded control). The nets were placed on the top of wooden rectangular structures (15 m wide × 6 m long × 5 m high), leaving the sides of the structures uncovered. Results showed that in both 2015 and 2016, marketable and total fruit number, yield, and individual fruit weight were reduced under the unshaded treatment. There were inconsistent differences in marketable and total fruit number, yield, and individual fruit weight among colored shade nets. Postharvest fruit transpiration and skin permeance were also reduced in unshaded conditions, and no differences were found among colored shade nets. Fruit color L* and b* values were highest, and a* value was lowest in unshaded conditions. Fruit soluble solids, total phenols, flavonoids, and antioxidant capacity [Cupric Reducing Antioxidant Capacity (CUPRAC) and Trolox Equivalent Antioxidant Capacity (TEAC)] responded differently among colored shade nets in the 2 years. Total phenols, flavonoids, and TEAC, however, were among the highest in unshaded conditions. In conclusion, results of the present study support previous findings that shade nets increase fruit yield and quality in bell pepper compared with fruit produced in unshaded conditions. Nevertheless, there were no consistent differences in fruit total and marketable yield and postharvest fruit transpiration and chemical composition of fruit produced under colored shade nets.