Bill > S5622

This bill amends the Energy Policy Act of 2005 to establish a comprehensive energy-efficient appliance rebate program that supports the manufacturing, distribution, installation, and servicing of building electrification products and industrial heat pumps. The legislation introduces detailed definitions for various terms, including specific types of heat pumps, smart panels, and what qualifies as a "United States-made" product. The bill creates a program that provides rebates to states, contractors, distributors, and manufacturers, with a focus on encouraging the adoption of energy-efficient technologies. Key provisions include offering rebates of up to 30% for eligible products, with additional incentives for disadvantaged businesses, union labor, and high-efficiency products. The bill also mandates that at least 40% of rebates go to disadvantaged businesses or those with a significant percentage of disadvantaged employees. Importantly, recipients of midstream and upstream rebates must pass through at least 85% of the rebate value to the next entity in the supply chain or end consumer. The legislation aims to address barriers in producing and deploying electrification products, supports the transition to more energy-efficient technologies, and authorizes $10 billion in appropriations for fiscal years 2025-2032 to support these efforts.