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Puerto Rico Solar Incentives: Tax Credits & Rebates Guide 2024

Edited by Jamie Cesanek

Last updated 12/1/2023

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Key Points

  • Installing solar panels in Puerto Rico is a worthwhile investment.
  • You can lower the cost of solar panels in Puerto Rico with federal tax credits and local incentives.
  • The federal government awards millions to fund solar panel and battery installations in Puerto Rico.

Solar power FAQs

  • The cost of solar in Puerto Rico varies based on system size, local fees, permits, and solar panel types. In addition, the price may increase depending on specific components like inverters and generators.

  • Solar panels are a great investment to reduce energy costs and boost your home’s resale value. Ample sunshine in Puerto Rico is ideal for solar energy generation. However, several factors determine the suitability of solar for your home, like your energy consumption, shading around your property, and local weather patterns.

  • Solar panels typically have a lifespan of 25 to 30 years or more. The lifespan of solar panels can vary based on factors like their quality, manufacturer, climate exposure, and maintenance. Over time, solar panels gradually lose efficiency, resulting in a slight decrease in energy output each year. After the initial warranty period of around 25 years, the panels may still generate electricity but at a lower efficiency level. 

  • Unlike traditional power sources, solar panels can significantly lower your home’s carbon footprint by generating electricity without emitting greenhouse gases. Therefore, solar energy production is better for the environment than burning fossil fuels. In addition, solar energy is a renewable resource, guaranteeing a sustainable energy source that can be used repeatedly without depletion.

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