Solar & Battery Regulation & Incentive Programs

Puerto Rico - Green Energy Fund Tier I Incentive Program

Program Overview


Category:
Financial Incentive
Program Type:
Rebate Program
Implementing Sector:
State
State:
Puerto Rico
Eligible Storage Technologies:
Solar Photovoltaics, Wind (All), Wind (Small)
Website:
http://www.prgef.com/generaltierinfo
Incentive Amount:
If the Installed Cost ($/W) is less than the applicable Reference Cost ($/W) set by the Energy Affairs Administration: %35 or 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 35% or 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
Administrator:
Energy Affairs Administration
Applicable Sectors:
Commercial, Industrial, Nonprofit, Residential, Federal Government
Budget :
$7,500,000 (FY 2014 - 2015) $8,000,000 (FY 2012-2013)
Start Date:
07/01/2011
Expiration Date:
06/30/2020
Last Updated:
05/05/2015
Funding Source
Puerto Rico Green Energy Fund

Summary

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) less than or equal to 15 kilowatts (kW):  $3.75/Watt (W)
  • Small wind turbines less than or equal to 15 kilowatts (kW): $3.45/W
  • Photovoltaic (PV) greater than 15 kW and less than or equal to 100 kW: $3.75/W
  • Small wind turbines greater than 15 kW and less than or equal to 100 kW: $3.45/W

Higher GET Reference Costs will be allowed for GEPs to be developed in the Special Vieques-Culebra Economic Development Zone, as defined in Act No. 153 of August 10, 2002. The following reference costs will apply for GEPs sited in Vieques or Culebra:

  • Photovoltaic (PV) less than or equal to 15 kilowatts (kW):  $4.25/Watt (W)
  • Small wind turbines less than or equal to 15 kilowatts (kW): $3.95/W
  •  Photovoltaic (PV) greater than 15 kW and less than or equal to 100 kW: $4.25/W
  • Small wind turbines greater than 15 kW and less than or equal to 100 kW: $3.95/W

For this funding cycle, there is $1,000,000 available systems 15 kW in capacity or less and $1,500,000 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.

 


Authorities

NameEnacted DateEffective DateExpired Date
C2610 (2010) Act No. 8307/19/201007/01/2011
PREAA Green Energy Fund Regulation 803806/28/2011, subsequently amended