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Disclosures:
The FCPR, or its representatives, act as a facilitator in the CERI Program implementation process. One of its roles as a facilitator is to provide ongoing support and advice to help facilities comply with grant/grant requirements. This accompaniment is key to ensuring potential clients navigate the process effectively.
The Power Customer, by submitting its application, acknowledges and accepts that FCPR, or its representatives, will carry out a techno-economic analysis, prior to signing a participation agreement. In order to carry out the analysis, the Power Customer must submit information on its consumption (electricity bills for the last 6 months) and updated information on its financial situation.
The Power Client (community-based nonprofit organization or business) acknowledges and agrees that the contractual relationship for the loan component under the CERI Program would be with BPPR, if such loan is applied for, approved, contracted and taken out by the Power Client, and that the contractual relationship for the installation of the solar system would be with the contractor installing the solar system. Upon completion of the programmatic evaluation of the completed system and project, the FCPR will terminate its obligations to the Power Client (community-based nonprofit organization or business). Thereafter, any subsequent contractual relationship will be solely between the contractor and the business or community organization.
Applying for the CERI Program and/or accepting the conditions set forth herein is not a promise of payment, grant or donation, nor is it a guarantee of participation in the CERI Program. FCPR reserves the right to determine who participates in the CERI Program. In the event that the grant or donation necessary to make the financing of the solar energy system feasible is greater than what the Puerto Rico Community Foundation (PRCF) can provide to the CEP, the PRCF shall have no obligation to contribute, seek or identify additional resources, and reserves the right to not approve the grant or donation, as well as not to submit the application for the loan component under the CERI Program to the BPPR. The FCPR reserves the discretion to recommend and subsidize only those cases in which, in its sole discretion, it believes that the amount recommended allows for the feasibility of the installation of the solar energy system, in accordance with the objectives and purposes of the CERI Program.
CEP agrees that its participation in the CERI Program also does not at any time guarantee the granting of the loan component under the CERI Program, which will at all times be conditioned upon application and approval of credit by BPPR in its sole and exclusive discretion, according to its credit policies. The FCPR at no time makes any credit evaluation nor will it take part in the decision on the loan component. FCPR has no control, interference, or ability to make recommendations on loan component applications. Nothing obligates CEP to apply for or take the loan component. The decision to apply for the loan component and to take the loan component, if approved, is at CEP's sole and exclusive discretion, but participation in the grant component under the CERI Program may be conditioned on participation in the loan component.
Select to accept the terms and conditions.
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