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Manufacturers, Efficiency Organizations Applaud Tax Credit for Efficient Appliances
May 16, 2005
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The Association of Home Appliance Manufacturers (AHAM), the American Council for an Energy Efficient Economy (ACEEE), and the Alliance to Save Energy applaud Senators Gordon Smith (R-OR), Blanche Lincoln (D-AR), and Charles Grassley (R-IA) for their introduction of S. 1022, the Resource Efficient Appliance Incentives Act of 2005. This legislation, once enacted into law, will accelerate technological advances and the production of energy-efficient appliances by providing a tax credit for super energy-efficient clothes washers, refrigerator-freezers, and dishwashers manufactured in the U.S.

AHAM President Joseph M. McGuire noted that “while appliances today are vastly more efficient than a decade ago, this legislation will help to take production of and consumer interest in super-efficient appliances to the next level. The tax credit focuses not on a floor for efficiency, but increasing the use of those appliances that go beyond minimum efficiency requirements."

Steven Nadel, the Executive Director of ACEEE also extended support for the legislation by noting that “the Smith-Lincoln-Grassley bill will promote the sale of advanced high-efficiency appliances, leading to substantial energy savings and helping U.S. manufacturers to be world leaders. The financial incentives in the bill will increase the market share of these advanced products, market share gains that we expect to continue even when the incentives end. Overall, by 2020, ACEEE estimates that this bill will reduce peak electricity demand by more than 1200 MW (equivalent to four 300 MW power plants) and save consumers more than $1 billion in energy bills.”

Kateri Callahan, the President of the Alliance to Save Energy stated, “We applaud Senators Smith, Lincoln, and Grassley for this important bill. This bill will help the most efficient appliances become the most widely used appliances. Energy efficiency is the quickest, cheapest, and cleanest way to address our critical energy needs, and should be a cornerstone of our energy policy. These incentives, as a key part of a comprehensive package of measures for efficient buildings, equipment, and vehicles, will help curb pressure on natural gas prices and help reduce strain on our electric grid."

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