10 Million Solar Roofs Act of 2014

there is enormous potential for increasing the quantity of electricity produced in the United States from distributed solar photovoltaic systems;

as the market for solar technology continues to grow, the industry will achieve economies of scale that make the cost of solar-generated electricity broadly competitive with the cost of electricity from fossil fuels;

producing electricity from distributed solar photovoltaic systems helps to reduce greenhouse gas emissions and does not result in emissions of harmful air pollutants such as mercury, sulfur dioxide, and nitrogen oxides;

increasing the quantity of electricity generated from domestic renewable energy sources enhances national energy security;

investments in solar energy and other renewable energy sources lead to the creation of green jobs that provide substantial economic benefits;

the United States solar industry employed more than 140,000 people spread across all 50 States in 2013, which is a 53 percent increase over 2010, according to the Solar Foundation; and

the solar industry is investing almost $15,000,000,000 in the United States economy annually, according to GTM Research and the Solar Energy Industries Association.

Photovoltaic system— The term photovoltaic system includes—

Secretary— The term Secretary means the Secretary of Energy.

In general— The Secretary shall establish a program under which the Secretary shall provide rebates to eligible individuals or entities for the purchase and installation of photovoltaic systems for residential and commercial properties in order to install, over the 10-year period beginning on the date of enactment of this Act, at least an additional 10,000,000 photovoltaic systems in the United States (as compared to the number of photovoltaic systems installed in the United States as of the date of enactment of this Act) with a cumulative capacity of at least 60,000 megawatts.

Amount— Subject to subsection (d)(2), the amount of a rebate provided to an eligible individual or entity for the purchase and installation of a photovoltaic system for a property under this section shall be equal to the lesser of—

Intermediate report— As soon as practicable after the end of the 5-year period beginning on the date of enactment of this Act, the Secretary shall submit to the appropriate committees of Congress, and publish on the website of the Department of Energy, a report that describes—

Relationship to other law— The authority provided under this section shall be in addition to any other authority under which credits or other types of financial assistance are provided for installation of a photovoltaic system for a property.