Combined Heat and Power Partnership
Green Energy Fund
|Date Last Updated||2/27/2014|
|Policy Type||Public Benefits Fund|
|Policy Administrator/Contact Office||Energy Affairs Administration|
|Policy Initiation Date||7/29/2010|
|Policy Summary||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 $290 million in the development of renewable energy projects on the island. The maximum amount of expenditures allowed from the GEF during FY2012 and FY2013 was $20,000,000; the maximum increases over time to $40,000,000 during FY2020.|
The Green Energy Fund offers rebates of up to 60% 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.
Funding for CHP projects provided by these resources would be found under related dCHPP incentive types (e.g., loan, grant, or rebate).
|CHP Eligibility Requirements||Does Not Specify|
|Eligible Project Size (MW)||Does Not Specify|
|Minimum Efficiency Required/|
Other Performance Requirements
|Does Not Specify|