Puerto Rico - Green Energy Fund (Puerto Rico)

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search

Last modified on February 12, 2015.

Rules Regulations Policies Program

Place Puerto Rico

Name Puerto Rico - Green Energy Fund (Puerto Rico)
Incentive Type Public Benefits Fund
Applicable Sector Commercial, General Public/Consumer, Industrial, Institutional, Residential, Utility
Eligible Technologies Anaerobic Digestion, Biomass, Fuel Cells, Fuel Cells using Renewable Fuels, Geothermal Electric, Hydroelectric, Landfill Gas, Municipal Solid Waste, Ocean Thermal, Photovoltaics, Renewable Fuels, Small Hydroelectric, Tidal Energy, Wave Energy, Wind
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs

Charge Excise taxes from sales of motor vehicles and motorcycles

Total Fund $40,000,000 ($20,000,000 for each FY12, FY13)
Types Renewables (Alternative and Sustainable)

Website http://www.prgef.com/Default.aspx

Last DSIRE Review 2012-07-08
Last Substantive Modification
to Summary by DSIRE

Incentive Source The given value was not understood.


In July 2010, Puerto Rico enacted two important laws aimed at accelerating Puerto Rico's adaptation of renewable energy and to reduce the island's reliance on fossil fuels. This is especially significant since 70% of the island's electricity comes from oil, according to the government of Puerto Rico.

Act 83 created the Green Energy Fund (GEF), creating 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. In addition, other state or federal funds, donations, income derived from renewable energy credis (RECs), and any non-compliance fines paid under the state's Renewables Portfolio Standard may be deposited into the GEF. The fund is authorized to collect excise taxes and make expenditures through fiscal year (FY) 2020. The maximum amount of expenditures allowed from the GEF during FY2012 and FY2013 is $20,000,000; it increases over time to a maximum of $40,000,000 during FY2020.

The GEF will be used to support "green energy" development. Puerto Rico defines green energy as sustainable renewable energy and alternative renewable energy. Sustainable renewable energy includes solar, wind, geothermal, biomass, hydropower, marine and hydrokinetic, and ocean thermal. Alternative renewable energy includes municipal solid waste, landfill gas, anaerobic digestion, and fuels cells.

The Energy Affairs Administration (EAA) administers the fund and develop programs, with oversight from the Department of Economic Development and Commerce and an "Evaluating Committee" established for that purpose. The EAA is allowed to establish grant programs, enter into contracts, provide loans, RECs, or develop other financial aid or investment instruments. Act 83 mandated the first programs funded under the GEF: Tier I and Tier II incentive programs, targeting small-scale and mid-scale renewable energy projects respectively (at $8 million for Tier I program and $11 million for the Tier II program).


Incentive Contact

Contact Name General Info EAA
Department Energy Affairs Administration

Address P.O. Box 41314

Place San Juan, Puerto Rico
Zip/Postal Code 00940
Phone (787) 332 -0914

Fax (787) 721-3089

Website http://www.aaepr.net/

Authorities (Please contact the if there are any file problems.)

Authority 1: C2610 (2010) Act No. 83
Date Effective 2011-07-01
Date Enacted 2010-07-19

Authority 2: EAA Green Energy Fund Regulation 8038

Date Enacted 2011-06-28

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"