Tax Incentive

In order to develop the Island potential to generate energy by renewable means, the Puerto Rico’s Energy Affairs Administration or “Administración de Asuntos Energéticos (AAE)” created a tax incentive for Solar Energy Systems.  With the creation of “Ley 248 de 2008”, the government give a great opportunity for those who are interested in owning a photovoltaic solar system.  The law states that a 50% of the cost of equipment and installation can be claimed in tax incentives. This 50% in tax incentive is available until June 2011, after this, the tax incentive rate will only be 25%. The tax incentive is good for the next 10 years and can be transferred. This means you don’t have to use the incentive this year and that you can even sell it to another person or corporation, transfer it to your business or to a family member and even give it as a gift.

In order to receive the tax incentive, the equipment must be certified by the Energy Affairs Administration. This government agency will also regulate the equipment installation as well as the personnel that complete the job.  Green Energy & Fuels Inc.(GEF, Inc) personnel is trained and approved by the AAE as well as all our solar energy equipment.  GEF Inc. personnel will hand over a turnkey project with all the necessary documentation for the AAE tax incentive approval.

Contact us to take advantage of this incentive!

Working towards your energy independence!