An agency's budget must not be reduced by the full amount of money saved through energy conservation measures. Appropriate financial incentives to encourage the reinvestment of energy costs savings into additional energy conservation areas must be provided. Energy savings must be divided among the agency, the general fund, and debt retirement of capital expenditures on energy efficiency. Agencies must be encouraged to reinvest their savings into energy conservation areas, where practical.
S.C. Code Ann. § 48-52-630
Energy conservation savings; division; reinvestment
Known as the South Carolina Energy Efficiency Act
The act spans §§ 48–48 (23 sections).
1992 Act No. 449, Part II, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.