Green Energy Fund Puerto Rico

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Green energy fund puerto rico.

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 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. Incentives are expected to be available through june 30 2015 or until funds are fully committed whichever occurs first. 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.

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. 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. 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. 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.

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. Gefi has become one of the leader companies in puerto rico dedicated to de development of alternative forms of renewable energy. The program offers up to 2 8 million. 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.

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. 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. Powering a sustainable future in puerto rico. With funding from puerto rico s green energy fund tier ii competitive grants are available for photovoltaic pv and wind systems over 100 kilowatts kw and up to and including one megawatt mw.

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.