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Regal Beloit Advocates Energy-Efficient Motor Rebate Program Outlined in U.S. Senate Energy Bill

Posted on: Monday, 6 April 2009, 17:29 CDT

BELOIT, Wis., April 6 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC), a global leader of industrial, commercial and HVAC/R energy efficient motors, applauds the U.S. Senate Energy and Natural Resources Committee for approving an energy-efficient motor rebate program.

If enacted into law, the legislation, introduced by Senator Blanche Lincoln, would create a new energy-efficient motor rebate program for the purchase of NEMA Premium(R) efficiency electric motors. The rebate program is designed to help offset the cost difference between new, more efficient NEMA Premium(R) motors and the cost of less efficient motors when replacing existing motors. Specifically, this program would provide a $25 per horsepower rebate for the purchase of NEMA Premium(R) motors, as well as a $5 per horsepower rebate for the disposal of the old, inefficient motor.

Mike Wickiser, Senior Group Vice President of Regal Beloit said, "This important piece of legislation would give motor customers the incentive to purchase new, more efficient NEMA Premium(R) motors instead of continuing to operate older, less efficient ones."

He continued, "Under the proposed rebate program, an operations manager could replace an existing, fully functioning less efficient motor with a new NEMA Premium efficiency motor and get a payback of costs in less than two years. If the operations manager is replacing a failed less efficient motor with a new NEMA Premium efficiency motor, the payback is almost immediate with the rebate program."

Wickiser pointed out, "The ultimate purpose of this legislation is the reduction of energy consumption and, in the long run, these types of efforts will help to strengthen our economy. Regal Beloit offers a full line of NEMA Premium(R) energy efficient motors specifically designed for the commercial and industrial market."

Regal Beloit Corporation is a leading manufacturer of electrical and mechanical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout North America and in Mexico, Europe and Asia.

SOURCE Regal Beloit Corporation

Source: PR Newswire

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