(a)  In addition to the requirements set forth in §?37-8-19, the director of the department of administration, in consultation with the state energy office, shall establish, maintain, and implement a system of rebate incentives for the installation of energy efficient sources in state owned and leased buildings offered by the various public utilities providing those resources to the state.

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(b)  Any public building that is owned by the state or any department, office, board, commission, or agency thereof, including state-supported institutions of higher education shall purchase or generate sixteen percent (16%) of their electricity from renewable energy resources by January 1, 2020, in accordance with the following schedule:

By 2010, four and one-half percent (4.5%) of electricity used shall be from renewable energy resources, with an additional one percent (1%) of electricity purchased or generated in each of the following years 2011, 2012, 2013, 2014; and an additional one and one-half percent (1.5%) of electricity purchased or generated in each of the following years 2015, 2016, 2017, 2018, and 2019, from renewable energy resources.

(c)  On or before June 1, 2009 the office of Energy Resources shall file a report with the President of the Senate and the Speaker of the House of Representatives detailing the progress of the program to include, but not be limited to, suggestions for achieving the stated goals for renewable energy resources.