42 U.S.C. § 15853 — Rebate program

submitted 21 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 152 words · no verdicts yet

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The Energy Secretary must give consumers rebates for installing renewable energy systems at homes or small businesses. The rebate is capped at 25 percent of the cost, or $3,000, whichever is smaller.

(1) Establishment. The Secretary must set up a program giving consumers rebates for the cost of installing a renewable energy system at a home or a small business. (2) Amount of rebate. The rebate cannot be more than the smaller of (A) 25 percent of what the consumer spent, or (B) $3,000. (3) Definition. "Renewable energy system" has the meaning given in section 6865(c)(6)(A) of this title. (4) Authorization of appropriations. Congress authorized, to remain available until spent: (A) $150,000,000 for fiscal year 2006; (B) $150,000,000 for fiscal year 2007; (C) $200,000,000 for fiscal year 2008; (D) $250,000,000 for fiscal year 2009; and (E) $250,000,000 for fiscal year 2010.

the actual law source: uscode.house.gov ↗public domain

(1) Establishment

The Secretary shall establish a program providing rebates for consumers for expenditures made for the installation of a renewable energy system in connection with a dwelling unit or small business.

(2) Amount of rebate

Rebates provided under the program established under paragraph (1) shall be in an amount not to exceed the lesser of—

(A)

25 percent of the expenditures described in paragraph (1) made by the consumer; or

(B)

$3,000.

(3) Definition

For purposes of this section, the term “renewable energy system” has the meaning given that term in section 6865(c)(6)(A) of this title.

(4) Authorization of appropriations

There are authorized to be appropriated to the Secretary for carrying out this section, to remain available until expended—

(A)

$150,000,000 for fiscal year 2006;

(B)

$150,000,000 for fiscal year 2007;

(C)

$200,000,000 for fiscal year 2008;

(D)

$250,000,000 for fiscal year 2009; and

(E)

$250,000,000 for fiscal year 2010.

Source credit: (Pub. L. 109–58, title II, § 206(c), Aug. 8, 2005, 119 Stat. 655.)

history & why it existsrecord from the source credit

2005Enacted · Pub. L. 109-58 · 119 Stat. 655

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-58 on 2005-08-08.

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