Colombia has committed to reduce greenhouse gas emissions in 20% by 2030 with respect to business-as-usual in the COP21. One policy is the Renewable Energy (RE) law launched in 2014, aiming “to promote the development and use of non-conventional energy sources” with indirect incentives, such as tax reduction or exemptions. Direct incentives, such as price-based, are not included in the law. Experiences in other countries have proven that direct incentives are more efficient than indirect ones to promote RE.