The State Department of Energy shall by rule establish the following standards relating to energy conservation projects:
(1) In consultation with the Department of Consumer and Business Services Building Codes Division, standards relating to energy savings in new construction.
(2) Standards relating to what constitutes a replacement of inefficient equipment.
(3) Standards for the determination of total project cost.
(4) Standards for the application of third party review of research and development projects by a qualified third party selected by the Director of the State Department of Energy, as required in ORS 469B.285. [2011 c.730 §41]