In order to promote the use of renewable energy to the citizens, the representative of the New Progressive Party, Yashira Lebrón Rodríguez, filed the House 387 Project which grants a credit of up to $ 20,000 to any individual who purchase a renewable energy system for your residence.
“In Puerto Rico, it is public policy to diversify electricity sources and energy technology infrastructure by reducing our dependence on energy sources derived from fossil fuels, such as oil; reducing and stabilizing our costs. energy, controlling the volatility of the price of electricity, “said the legislator.
The intention of this legislation is to amend the ‘Internal Revenue Code for a New Rich Port’, in order to grant, once again, a special deduction to individuals for the acquisition of renewable energy systems, efficient and friendly to the atmosphere for your residence.
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Specifically, a deduction will be granted for the acquisition of all equipment or movable property, or a set of them, that produces energy from renewable sources, such as: solar, wind, geothermal, ocean-thermal, hydroelectric or renewable fuels, not including fossil fuels, up to the amount of $ 20,000.00.
“Considering that the current cost of electricity in Puerto Rico doubles the average cost in the rest of the United States of America and that the average Puerto Rican pays about 20 cents per kilowatt-hour (kWh), it is done It is essential to establish concrete and self-executable strategies that achieve the purpose of socio-economic development of the Island. Undoubtedly, allow Puerto Ricans to acquire the necessary equipment to have renewable, efficient and environmentally friendly energy systems for the island. residences, is a viable alternative to break the ties we have with the rogue and inefficient Electricity Authority, “added Lebrón Rodríguez.
As detailed in the piece of legislation, any individual claiming one or more of the allowable deductions under the new accompanying section with their contribution sheet on canceled checks, receipts or certifications evidencing the deductions claimed. However, the Secretary may, when he deems it appropriate, exempt the taxpayer from this requirement for any particular contributory year. The taxpayer must keep the evidence related to the deduction claimed under this paragraph, for a period of six years.