||State Rebate Program
|Eligible Renewable/Other Technologies:
||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)|
C2610 (2010) Act No. 83|
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.