Puerto Rico - Green Energy Fund Tier I Incentive Program (Puerto Rico)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Puerto Rico - Green Energy Fund Tier I Incentive Program|
|Incentive Type||State Rebate Program|
|Applicable Sector||Commercial, Industrial, Residential, Nonprofit|
|Eligible Technologies||Photovoltaics, Wind|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| If the Installed Cost (/W) is less than the applicable Reference Cost (/W) set by the Energy Affairs Administration: 40% of Eligible Project Costs|
If the Installed Cost (/W) is greater than the applicable Reference Cost (/W) set by then Energy Affairs Administration: System size (W) multiplied by 40% multiplied by applicable Reference Cost (/W)
|Eligible System Size||up to 100 kW|
|Equipment Requirements||Equipment must be listed on GEF's list of eligible technologies and must be certified in accordance with the applicable regulation.|
|Funding Source||Puerto Rico Green Energy Fund|
|Installation Requirements||Wind turbines: must have collected at least six months of wind resource data or have an assessment completed. Tower height must be 60 feet (min) and turbine must be 30 feet above any obstacles within 300 foot radius. There must be a minimum average wind speed of 4.5 m/s at applicant's chosen hub height.|
|Ownership of Renewable Energy Credits||Puerto Rico Energy Affairs Administration|
|Program Budget||$8,000,000 (FY2012-2013)|
|Program Administrator||Energy Affairs Administration|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
NOTE: The third funding cycle closed December 31, 2012. The current funding cycle runs from February 1, 2013 to June 30, 2013. There is $4,823,507 available for this funding cycle.
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. 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. If project costs exceed the Reference Cost, the incentive will be calculated by using the Reference Cost. Note, higher Reference Costs are allowed in the Special Vieques-Culebra Economic Development Zone. The standard Reference Costs are:
- Photovoltaic (PV) and small wind turbines less than or equal to 15 kilowatts (kW): $5.50/Watt (W)
- Photovoltaic (PV) and small wind turbines greater than 15 kW and less than or equal to 100 kW: $5.00/W
For this funding cycle, there is $2,000,000 available systems 15 kW in capacity or less and $2,823,507 for systems greater than 15 kW but smaller than 100 kW.
Applications are completed online. There is a one-time application fee of $250 for systems up to and including 15 kW and $1000 for systems greater than 15 kW. Approved projects must then execute the Reservation Agreement and pay the Reservation Guarantee or provide performance bond of $1000 for systems up to and including 15 kW and 1% of the installed cost for systems greater than 15 kW. Systems should have approved interconnection permits from the Puerto Rico Electric Power Authority (PREPA). Once the system is installed, subsequent documentation is required to receive the incentive payment.
Additional requirements and application steps apply; refer to the Green Energy Fund regulations and the most recent version of the Tier I Reference Guide for additional details, both found on the program web site.
|Contact Name||Green Energy Fund Information|
|Department||Puerto Rico Energy Affairs Administration|
|Address||P.O. Box 41314|
|Place||San Juan, Puerto Rico|
|Phone||(787) 999-2200 Ext:2886|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||C2610 (2010) Act No. 83|
|Authority 2:||PREAA Green Energy Fund Regulation 8038|
|Date Enacted||06/28/2011, subsequently amended|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.