A Qualified Entity means an owner of industrial or manufacturing facilities, commercial building, or multifamily residential buildings; a utility; or an energy service company that fulfill the requirements of the rebate program. Any qualified entity that is the purchaser of a qualified energy efficient transformer who has replaced a qualified inefficient transformer may apply for a rebate for current, future, or past replacements. Rebates will be distributed based on when application are received with additional preference given to applicants that are replacing a qualified energy inefficient transformer in a disadvantaged community, until the exhaustion of funds.