Renewable Energy Production Incentive (REPI)

A federal production payment of 1.5¢ per kWh that is made available to new qualifying renewable energy generation facilities. However, since the REPI involves spending of federal funds, money must be appropriated annually by Congress. The Energy Policy Act of 2005 reauthorized appropriations for fiscal years 2006 through 2026 and has expanded the list of eligible technologies and facilities owners. See 42 USCS § 13317 for the new REPI statute.