ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

NEMA Commends Senators on building energy efficiency legislation.

Print | 
Email |  Comment   Share  
April 8, 2014 - NEMA welcomed Energy Efficiency Tax Incentives Act (S.2189), introduced by Senators Ben Cardin (D-MD), Dianne Feinstein (D-CA), and Brian Schatz (D-HI), which includes language that would reinstate and improve Commercial Building Tax Deduction. After lauding aforementioned senators for their leadership in advancing energy efficiency in domestic energy economy, NEMA's Evan R. Gaddis specifically noted "significant" gains to be had from reduced overall energy use through building improvements.

NEMA Commends Senate Trio on Commercial Building Energy Efficiency Incentive Legislation


National Electrical Manufacturers Association (NEMA)
1300 N. 17th St., Suite 1847-T
Rosslyn, VA, 22209
USA



Press release date: April 2, 2014

ROSSLYN, Va.—The National Electrical Manufacturers Association (NEMA) welcomed the introduction of legislation extending and improving upon incentives for energy efficiency in commercial buildings. The Energy Efficiency Tax Incentives Act (S.2189) introduced by Senators Ben Cardin (D-MD), Dianne Feinstein (D-CA), and Brian Schatz (D-HI) includes language that would reinstate and improve the Commercial Building Tax Deduction, which expired on December 31, 2013.

“We are very pleased to see Senators Cardin, Feinstein, and Schatz provide leadership to advance energy efficiency in our domestic energy economy,” said NEMA President and CEO Evan R. Gaddis. “Commercial buildings alone represent about 20% of domestic energy consumption so the opportunity to reduce our overall energy use through building improvements is significant.”

Enacted as part of the Energy Policy Act of 2005, investments made via the Commercial Building Tax Deduction (commonly referred to as Section 179D after the section in the IRS code) have led to hundreds of millions of dollars in energy efficiency upgrades in commercial buildings. These investments have not only reduced energy consumption and its associated cost in commercial buildings, but created jobs in the manufacturing, installation, and construction sectors.

NEMA is the association of electrical equipment and medical imaging manufacturers, founded in 1926 and headquartered in Rosslyn, Virginia. Its 400-plus member companies manufacture a diverse set of products including power transmission and distribution equipment, lighting systems, factory automation and control systems, and medical diagnostic imaging systems. Total U.S. shipments for electroindustry products exceed $100 billion annually.

National Electrical Manufacturers Association
Visit our website at www.nema.org
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 Visit Green and Clean Blog
  Latest from the Green and Clean Blog
 See more product news in:
Services
Green & Clean
 More New Product News from this company:
NEMA Welcomes Senate Vote to normalize US-Russia trade.
NEMA Fluorescent Lamp Indexes show 4Q 2010 and yearly figures.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
NEMA Reacts to House Passage of Energy and Water Appropriations Bill
Kevin J. Cosgriff, Vice Admiral, U.S. Navy (Ret.) to Lead NEMA
NEMA Recommends Solutions to Improve Electrical Grid Reliability, Efficiency, and Security for Quadrennial Energy Review
NEMA Joins NIST in Promoting Proactive Approach toward Grid Resilience
ESFI Releases Results of Industry-Wide Counterfeiting Survey
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Trade Associations


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address