Green Energy Fund Puerto Rico

Green energy fuels inc.

Green energy fund puerto rico.

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

Gefi has become one of the leader companies in puerto rico dedicated to de development of alternative forms of renewable energy. 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. Incentives are expected to be available through june 30 2015 or until funds are fully committed whichever occurs first. 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.

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. 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 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. The program offers up to 2 8 million. Solar thermal electric photovoltaics landfill gas wind biomass hydroelectric geothermal electric municipal solid waste hydrogen tidal energy wave energy and ocean thermal power generation.

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.