Last Updated March 19, 2021
Program Overview
Category:
Financial Incentive
State:
Puerto Rico
Incentive Type:
Property Tax Incentive
Administrator:
Energy Affairs Administration
Start Date:
08/20/2008
Expiration Date:
N/A
Web Site:
N/A
Applicable Sectors:
Commercial, Industrial, Residential, Agricultural
Eligible Renewable/Other Technologies:
Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Tidal, Wave, Ocean Thermal, Solar Pool Heating, Wind (Small)
Summary
Puerto Rico provides a property tax exemption for all "solar powered material, equipment or accessory and renewable energy collection, storage, generation, distribution, and application equipment." Renewable energy is defined per Law 325, enacted in September 2004 as: solar, wind, hydro, biomass, ocean thermal, wave, tidal and other energy "whose use is clean, reliable, safe and sustainable."