CHANTILLY, Va. — The Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA) is pleased that a bipartisan group of U.S. House and Senate legislators recently introduced the Power Efficiency and Resiliency (POWER) Act. The bills (S 1516 and HR 2657) would ensure that industrial energy efficiency technologies — combined heat and power (CHP) and waste heat to power — are treated in a manner that is on par with other renewables covered by the investment tax credit.
SMACNA has long supported the investment tax credit (ITC) and other tax incentives for the construction of energy-efficient power plants, CHP facilities, and waste heat recovery (WHR) projects. The proposed legislative change would be particularly helpful for countless thousands of contractors on existing and future large CHP/WHP projects, including systems found on many large commercial, public, and industrial building sites.