Sec. 2. Definitions
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/bill/117/s/4013/is/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this Act: The term covered energy-efficiency or renewable energy system or technology means— a renewable energy generation system; a renewable energy storage system; an energy-efficiency system (including a heat pump); an energy-efficiency technology; an electric transportation system; a renewable energy technology; and an energy storage technology utilizing energy generated from a renewable energy source. The term direct loan means a disbursement of funds by the Federal Government to a non-Federal borrower under a contract that requires the repayment of those funds with or without interest.
The term direct loan includes the purchase of, or participation in— a loan made by another lender; or a financing arrangement that defers payment for more than 90 days, including the sale of a Government asset on credit terms. The term eligible entity means a private entity, including a manufacturer, or a partnership of private entities. The term environmental justice community means a community with significant representation of 1 or more communities of color, low-income communities, or Tribal or indigenous communities that experience, or are at risk of experiencing, higher or more adverse human health or environmental effects as compared to other communities.
The term heat pump means a device that— transfers heat from a colder area to a hotter area by using mechanical energy; and is used to maintain a safe, comfortable, and affordable temperature in a building. The term public heat pump means a heat pump that is owned or operated by— a unit of Federal, State, or local government; or a cooperatively owned utility. The term renewable energy means energy generated from a renewable energy source. The term renewable energy source means wind, solar, tidal, wave, or geothermal energy.