Green Energy Fund Puerto Rico

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.

Green energy fund 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. Powering a sustainable future 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 green energy incentives act of 2010 created the green energy fund gef to increase green energy production and promote sustainability in 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. Gefi has become one of the leader companies in puerto rico dedicated to de development of alternative forms of renewable energy. Solar thermal electric photovoltaics landfill gas wind biomass hydroelectric geothermal electric municipal solid waste hydrogen tidal energy wave energy and ocean thermal power generation.

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. 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. Incentives are expected to be available through june 30 2015 or until funds are fully committed whichever occurs first. Through the gef the government of puerto rico will co invest up to 185 million in the development of renewable energy projects on the island.

We are a turn key project provider working with our customers with all the stages of a project. 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. 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.

Green energy fuels inc.