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Puerto Rico

Puerto Rico

Incentives/Policies for Renewables & Efficiency

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Puerto Rico - Green Energy Fund Tier I Incentive Program   

Last DSIRE Review: 03/27/2013
Program Overview:
State: Puerto Rico
Incentive Type: State Rebate Program
Eligible Renewable/Other Technologies: Photovoltaics, Wind
Applicable Sectors: Commercial, Industrial, Residential, Nonprofit
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.
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
Funding Source:Puerto Rico Green Energy Fund
Program Budget:$8,000,000 (FY2012-2013)
Start Date:07/01/2011
Expiration Date:06/30/2020
Web Site:
Authority 1:
Date Enacted:
Date Effective:
C2610 (2010) Act No. 83
Authority 2:
Date Enacted:
PREAA Green Energy Fund Regulation 8038
06/28/2011, subsequently amended

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.


  Green Energy Fund Information
Puerto Rico Energy Affairs Administration
P.O. Box 41314
San Juan, PR 00940
Phone: (787) 999-2200 Ext.2886
Fax: (787) 999-2246
Web Site:
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.