Prevent people from firing too fast?

local tool = script.Parent
local player = game:GetService("Players").LocalPlayer
local reloadtime = 1 --Change this to be what you want to time the player has to wait to shoot after he shot, in seconds.

local debounce = false

tool.Equipped:connect(function(mouse)
    print("Gun equipped")
	    mouse.Button1Down:connect(function()    
		if debounce == false then
			debounce = true    
		        print("Mouse pressed")
		
		        local ray = Ray.new(tool.Barrel.CFrame.p, (mouse.Hit.p - tool.Barrel.CFrame.p).unit * 150)
		        local part, position = workspace:FindPartOnRay(ray, player.Character, false, true)
		
		        local beam = Instance.new("Part", workspace)
		        beam.BrickColor = BrickColor.new("Bright yellow")
		        beam.FormFactor = "Custom"
		        beam.Material = "Neon"
		        beam.Transparency = 0.25
		        beam.Anchored = true
		        beam.Locked = true
		        beam.CanCollide = false
		
		        local distance = (tool.Barrel.CFrame.p - position).magnitude
		        beam.Size = Vector3.new(0.1, 0.1, distance)
		        beam.CFrame = CFrame.new(tool.Barrel.CFrame.p, position) * CFrame.new(0, 0, - distance / 2)
		
		        game:GetService("Debris"):AddItem(beam, 0.05)
		
		        if part then
		            local humanoid = part.Parent:FindFirstChild("Humanoid")
		
		            if not humanoid then
		                humanoid = part.Parent.Parent:FindFirstChild("Humanoid")
		            end
		
		            if humanoid then
		                humanoid:TakeDamage(17)
		            end
		        end
			wait(reloadtime)
			debounce = false
		end
    end)
end)