Can solar panels help a low-income Puerto Rican household?

Funding will Support Solar Panels for up to 40,000 Low-Income Households and Create Local, Good-Paying Jobs; Part of a $1 Billion Effort to Increase Resilience for Puerto Rican Households

What is solar financing in Puerto Rico?

Cooperativas are the financial institutions that communities in Puerto Rico traditionally use for a whole array of financial services. To date, however, most of the solar financing in Puerto Rico has come from U.S.-based solar companies.

Does Puerto Rico have a solar incentive program?

The Program will serve families that are not Low to Moderate Income (LMI). Programs closed to new applications. The Puerto Rico Department of Housing (PRDOH) has designed the Solar Incentive Program.

Can credit unions finance solar projects in Puerto Rico?

Our report highlights how Puerto Rico’s exponential growth in rooftop solar has been accompanied by a robust growth in locally chartered credit unions, called Cooperativas, offering financing alternatives for solar projects.

What philanthropy is needed for Puerto Rico?

Other important sources of financing include government programs and nonprofit organizations. An important part of the short-term and immediate response to Puerto Rico’s decade’s-old electric utility neglect, exacerbated by hurricanes, floods, and earthquakes, has been philanthropy by U.S.-based and international organizations.