HVAC Breaking News / News

Sept. 30, 2011: Heat is Power Act is Re-introduced in the House of Representatives

September 30, 2011
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON — Rep. Paul Tonko (D-N.Y.) led a bipartisan effort including Reps. Ron Paul (R-Texas), Jay Inslee (D-Wash.), and Shelly Berkley (D-Nev.) in re-introducing the Heat is Power Act, H.R. 2812.

The Heat is Power Act provides an investment tax credit or production tax credit for new technology that produces clean, emission-free electricity from waste heat generated by industrial processes to help stimulate growth in the waste heat-to-power market and create jobs.

The Heat is Power Act would modify sections 45 and 48 of the U.S. tax code to include waste heat and provide a 30 percent investment tax credit for the installation of the technology in industrial settings. American companies have created technology that can harness waste heat from smokestacks and other processes and turn that energy into electricity. The tax credit would put this technology on the same footing as other renewables such as solar and wind power.

“Due to the U.S. tax code providing incentives to all other sources of emission-free electricity, without equal government recognition, our market is hindered. We are thankful for Congressmen Tonko, Paul, Inslee and Berkley’s efforts and look forward to seeing the development of this market, creation of new American jobs, and increased clean energy for our country,” said Kelsey Walker, executive director of “Heat is Power,” a waste heat-to-power industry trade association.

Publication date: 09/26/2011

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Rajan Rajendran

Rajan Rajendran, newly appointed director of the Emerson Innovation Center, talks about the new $35 million facility and how it will function on the University of Dayton campus. Posted on Aug. 29.

More Podcasts

ACHRNEWS

NEWS 08-25-14 cover

2014 August 25

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con