High-cost urban retrofit bonus rebates

Section 50122(c) of Public Law 117–169 (42 U.S.C. 18795a(c)) is amended by adding at the end the following: (10) Bonus rebates for upgrades and purchases relating to certain housing (A) In general From the amount of any grant provided under this section, a State energy office or Indian Tribe may provide to an eligible entity that received a rebate from the State energy office or Indian Tribe under a high-efficiency electric home rebate program a bonus rebate for the purchase of an appliance or a nonappliance upgrade under a qualified electrification project carried out or relating to housing built prior to January 1, 1970. (B) Amount of bonus rebate (i) In general A bonus rebate provided under this paragraph may not be greater than 20 percent of the amount of the initial rebate provided under the high-efficiency electric home rebate program. (ii) Exception to max amount Subsection (c)(3)(C) shall not apply to a bonus rebate provided under this paragraph. (iii) Not in excess of costs An eligible entity may not receive a sum of rebates under this section that exceeds the cost of the qualified electrification project..