Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Manufacturers, Efficiency Organizations Applaud Tax Credit for Efficient Appliances
May 16, 2005
 Printable format
 Email this Article
 Search

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."

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows