; (B) obtained by purchase or exchange under subsection (f); or (C) borrowed under subsection (g). (2) Federal renewable energy credits A Federal renewable energy credit may be counted toward compliance with subsection (b)(1) only once. (e) Issuance of Federal renewable energy credits (1) In general Not later than 1 year after the date of enactment of this section, the Secretary shall establish by rule a program— (A) to verify and issue Federal renewable energy credits to generators of renewable energy; (B) to track the sale, exchange, and retirement of the credits; and (C) to enforce the requirements of this section. (2) Existing non-Federal tracking systems To the maximum extent practicable, in establishing the program, the Secretary shall rely on existing and emerging State or regional tracking systems that issue and track non-Federal renewable energy credits. (3) Application (A) In general An entity that generates electric energy through the use of a renewable energy resource may apply to the Secretary for the issuance of renewable energy credits. (B) Eligibility To be eligible for the issuance of the credits, the applicant shall demonstrate to the Secretary that— (i) (I) the electric energy will be transmitted onto the grid; or (II) in the case of a generation offset, the electric energy offset would have otherwise been consumed onsite; and (ii) in the case of electric energy generated from a renewable energy resource using equipment that comes online after calendar year 2005 and before calendar year 2020, each new kilowatt hour of electric energy generated by that equipment satisfies the criteria set forth in clauses (i) and (ii) of subsection (a)(2)(D). (C) Contents The application shall indicate— (i) the type of renewable energy resource that is used to produce the electricity; (ii) the location at which the electric energy will be produced