In 2014, Ministry of Mines and Energy approved the Law 1715 of 2014 which regulated the incorporation of non-conventional renewable energies to the national energy system, encouraging investment, research and the development of this field. The law includes the following elements: i) authorization for small and large scale self-generators to sell surpluses to the national electricity grid; ii) authorization of bidirectional metering systems and simplified connection mechanisms for selling surpluses and iii) incorporation of energy sale for distributed generators. It also promotes non-conventional energy projects through tributary, duty and accounting benefits. These incentives technically and economically benefit the development of this kind of projects, which had not had a supportive regulatory framework so far. The law 1715 of 2014 represents a huge step in terms of sustainability for the country, as it not only promotes efficient use of resources and environment protection, but also constitutes an alternative for communities with no energy service. For this reason, the objective of this project is to quantify the economic benefits proposed by the law and identify its restrictions and obstacles, in order to know its real effect on the implementation of non-conventional renewable energy projects. Based on that, elements and actions that lead to an improvement of the current regulatory framework will be recommended.