Green Energy Fund

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. 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. Starting July 1, 2011, $20 million will be allocated to the GEF.

Incentives

The Green Energy Fund offers rebates of up to 40% of the eligible costs for Tier 1 (0-100 kW) projects and up to 50% for Tier 2 (101 kW - 1 MW) projects. Tier 1 rebates for each funding cycle will be allocated on a first-come, first-served basis while Tier 2 rebates will be awarded through a quarterly competitive process. Eligible technologies and the methodology to calculate the incentive amount are presented in the Tier 1 and Tier 2 Reference Guides

Apply Online

In order to begin the online Application process, you must first create an account. You may do so on the right side of this webpage. Applicants must read and fully understand the GEF Tier 1 and Tier 2 Regulation, including, but not limited to, eligibility criteria for each Tier and the roles of the Applicant and the Customer, prior to creating an account. Under no circumstances will application fees be reimbursed.

Announcements

El 19 de mayo de 2015 se publicó las nuevas Guías de Referencia para Nivel 1 y 2. On May 19, 2015 the new Tier 1 and 2 Reference Guides were published. El 1 de mayo de 2015 se publicó un anuncio en el periódico El Nuevo Día sobre las enmiendas propuestas al Reglamento del Fondo de Energía Verde. El borrador del Reglamento para comentarios se encuentra en la sección de Documentos y Formularios. La OEPPE estará recibiendo comentarios hasta el 31 de mayo de 2015 a las 5:00 pm. On May 1, 2015 a notice was published on El Nuevo Día newspaper about the proposed amendments to the Green Energy Fund Regulation. The draft version of the Regulation for comments can be found in the Resources and Forms section. SOEP will be receiving comments until May 31, 2015 at 5:00 pm.