To qualify for the EPAD program, an energy project shall meet the following requirements:
(A) The property on which the energy project is constructed or installed shall be located in the jurisdiction of the EPAD as defined by § 165.03 but shall not include residential property consisting of fewer than five units.
(B) The energy project shall have a minimum cost of $20,000.
(C) The energy project shall have a useful life of at least five years, and the financing terms shall not exceed the expected useful life of the proposed improvement. For projects that include multiple improvements, the average weighted useful life shall be used as the measurement.
(D) The energy project shall be permanently affixed to the real property or building and shall be transferred with the real property upon transfer of title.
(E) The energy project shall reduce energy or water usage or generate renewable power for the property.
(Lou. Metro Ord. No. 57-2016, approved 4-29-2016; Lou. Metro Am. Ord. No. 29-2021, approved 3-4-2021)