This program is tailored for businesses like yours in Puerto Rico, supporting your growth while enhancing community resilience. By applying for the funding, you can benefit from grants aimed at solar energy and battery storage installations. This means you won't have to repay the money, allowing you to invest in a more sustainable and reliable energy system.

What's in it for you? Not only will you improve your business's energy efficiency, but you will also strengthen the community by ensuring reliable power for healthcare facilities and common areas. Your participation helps build a cleaner energy economy, making your business more attractive to customers who value sustainability.

Since the program requires no minimum revenue or employee count, qualifying is straightforward. This is a chance for your business to shine while making a positive impact, so don’t miss out!

Type of Financing

This program offers grants for eligible projects. Grants do not require repayment, making them a fantastic opportunity for your business.

Repayment Terms and Interest Rates

Since this is a grant, there are no repayment terms or interest rates to worry about. You receive the funding and can use it without the stress of paying it back.

Eligible Expenses

You can use the funds for:

• Solar photovoltaic (PV) installations
• Battery storage deployments
• Energy resilience investments in public or privately owned subsidized multi-family properties
• Community healthcare facilities

Ineligible Expenses

The funds cannot be used for general operational costs or expenses unrelated to the eligible projects. Make sure to focus the funding on the specific initiatives mentioned.

Fees Associated with the Program

There are no application fees associated with this program. This means you can explore funding without upfront costs.

• Location: Must be based in Puerto Rico.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum employee requirements.
• Revenue: No minimum or maximum revenue requirements.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are eligible.

Disqualifications:

• No specific disqualifications mentioned.

The program aims to improve energy resilience in Puerto Rico by investing in renewable energy infrastructure. With a total funding pool of $1 billion, businesses can access grants for projects that focus on solar energy and battery storage. This means you can receive financial support to upgrade your energy system, making it more sustainable and reliable.

You can use the funding for installing solar panels and battery systems, particularly in community areas or healthcare facilities. This investment not only enhances your business's energy efficiency but also supports the community's need for reliable power.

The money is designed to help create a clean energy economy in Puerto Rico without requiring repayment. This is a unique chance to strengthen your business while contributing to the wider community and environment.