Crush for Credit - Rebate Program for NEMA Premium Motors
Before Congress left town, a NEMA advocated provision was adopted into the U.S. Senate's new energy bill. Senator Blanche Lincoln (D-AR) offered an amendment that would create a NEMA-Premium "crush for credit" motor rebate program. The Energy Independence and Security Act of 2007 (EISA) set new efficiency
standards beginning in December 2010, that mandates motor efficiencies.
If enacted into law, this motor rebate program would provide a $25 per horse power rebate for the purchase of NEMA premium motor. Additionally, the program would also provide a $5 per horse power rebate for the disposal of the older inefficient motor. This amendment allows $350 million to be spent on this rebate program.
04-16-2009 12:45 PM