Green Energy Fund Puerto Rico

The puerto rico green energy fund rebate program is a residential nonprofit commercial and industrial program for those who have energy efficient installations made with the following.

Green energy fund puerto rico.

Act 83 created the green energy fund gef which was for the first time a dedicated fund held separately from general funds to support renewable energy development in puerto rico. Guzmán president of the trade group known as aconer for its initials in spanish said the successful program has led to the integration of hundreds of systems islandwide. Gefi has become one of the leader companies in puerto rico dedicated to de development of alternative forms of renewable energy. With funding from puerto rico s green energy fund tier i rebates are available for photovoltaic pv and wind systems up to and including 100 kw in capacity on a first come first served basis.

Powering a sustainable future in puerto rico. Development design construction financial help grants system installation and maintenance. These are just a few of the renewable energy sources that puerto rico has its sights set on attracting to the island through a series of powerful incentive programs. Act 83 created the green energy fund gef which was for the first time a dedicated fund held separately from general funds to support renewable energy development in puerto rico.

The gef is unlike other public benefits funds in the united states since it is funded by excise sales taxes collected on motor vehicles and motorcycles. The puerto rico association of renewable energy contractors and consultants warned thursday of the possible demise of the government s green energy fund established in 2010 to incentivize the use of rooftop solar energy systems among residents and businesses. Projects are eligible for a rebate up to 40 of installed costs as long as the calculated dollar per watt installed cost is less than the reference cost. We are a turn key project provider working with our customers with all the stages of a project.

Incentives are expected to be available through june 30 2015 or until funds are fully committed whichever occurs first. The puerto rico green energy incentives act of 2010 created the green energy fund gef to increase green energy production and promote sustainability in puerto rico. Solar thermal electric photovoltaics landfill gas wind biomass hydroelectric geothermal electric municipal solid waste hydrogen tidal energy wave energy and ocean thermal power generation. With funding from puerto rico s green energy fund tier ii competitive grants are available for photovoltaic pv and wind systems over 100 kilowatts kw and up to and including one megawatt mw.

The gef is unlike other public benefits funds in the united states since it is funded by excise sales taxes collected on motor vehicles and motorcycles.