Renewable Energy Measure Law and Legal Definition

According to 10 CFR 420.2 [Title 10 – Energy; Chapter II -- Department of Energy; Subchapter D -- Energy Conservation; Part 420 -- State Energy Program; Subpart A -- General Provisions for State Energy Program Financial Assistance], the term renewable energy measure means “any capital investment that reduces energy costs in an amount sufficient to recover the total cost of purchasing and installing such measure over an appropriate period of time and that results in the use of renewable energy to replace the use of non-renewable energy.”