Solar & Battery Regulation & Incentive Programs

Puerto Rico - Tax Deduction for Solar Energy Systems

Program Overview


Category:
Financial Incentive
Program Type:
Personal Tax Deduction
Implementing Sector:
State
State:
Puerto Rico
Eligible Storage Technologies:
Solar Water Heat, Solar Pool Heating
Incentive Amount:
30%
Maximum Incentive:
$1,500
Equipment Requirements:
Equipment must be certified and have a warranty of five or more years.
Administrator:
Puerto Rico Energy Affairs Administration
Applicable Sectors:
Residential
Last Updated:
05/05/2015

Summary

Puerto Rico offers a 30% tax deduction (up to $1,500) for expenses incurred in the purchase and installation of solar equipment to heat water for residential use. "Solar equipment" is defined as "any equipment capable of using solar energy directly or indirectly to heat water, whether such equipment is bought or manufactured by the taxpayer, provided that the same is operating." The deduction applies to those who lease or own the residential property.

An individual who claims the solar equipment deduction must enclose with his or her tax return a certificate stating that the solar equipment has been approved by the Puerto Rico Energy Affairs Administration within the Department of Economic Development and Commerce and a certificate stating that the solar equipment purchased has a warranty of five or more years.

 


Authorities

NameEnacted DateEffective DateExpired Date
13 L.P.R. § 8423
C2610 (2010) Act No. 8307/19/201007/19/2010