CHANTILLY, Va. — Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA) and its coalition partners in the Alliance for Industrial Efficiency have enthusiastically endorsed the Expanding Industrial Energy and Water Efficiency Incentives Act of 2012 (S. 3352), co-sponsored by Senate Energy and Natural Resources Chairman Jeff Bingaman, D-N.M., and joined by Sen. Olympia Snowe, R-Maine, the third-ranking GOP member of the Senate Finance Committee, Sen. Dianne Feinstein, D-Calif., and others.
The bill creates incentives in four critical areas and it enhances incentives for combined heat and power systems. One incentive is a $120 per horsepower tax credit for manufacturers that incorporate advanced motor systems — those that offer variable or multiple speed operation and use a set of approved technologies — into new or redesigned appliances, machines, or equipment.