PITTSBURGH… Diversified industrial manufacturer Eaton Corporation today supported the extension of tax credits and incentives for solar energy projects and installation of electric vehicle (EV) charging stations, which are included in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.
Eaton, a leading energy management company, offers a complete line of electric vehicle chargers and a full array of turnkey solar solutions and services for industrial and residential application. Cost has been a key barrier to widespread adoption of these technologies and the legislation will provide incentives for Americans to implement solar and EV charging solutions.
“Eaton is focused on creating innovative and affordable technologies and services that promote energy efficiency and help customers reduce their impact on the environment.” said Jerry Whitaker, president – Americas, Eaton’s Electrical Sector. “We are well positioned to help customers take full advantage of the incentives in this legislation.”
Eaton's products and turnkey installation services for solar photovoltaic (PV) systems offer improved safety, superior operating performance and high reliability. Eaton also offers multi-year service contracts for a complete solar PV installation, therefore helping to ensure long-term efficient energy production. Residential, commercial and utility solar solutions include DC solar disconnect and protection devices, solar inverters, AC and DC solar switchboards, solar output metering / monitoring and solar balance of system custom packaging capabilities. For more information, visit www.eaton.com/solar.
Eaton has been developing electrical and hybrid power systems for trucks and buses for more than 20 years.and is a key company to offer the charging and networked charging management infrastructure for commercial and residential applications. Eaton offers a complete line of electric vehicle chargers for residential and industrial application and has a presence in communities across North America. For more information, visit www.eaton.com/plugin.
About the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010:
The Act includes a one-year extension in the deadline to start construction of new renewable energy projects to qualify for U.S. Treasury cash grants. The grants are 30 percent of the project cost. Additionally, the legislation extends for one year the tax credits provided to residential and commercial property owners for installing electric vehicle charging stations. Residential owners can receive a tax credit up to $1,000 for installing a home charging station while commercial property owners can qualify for a tax credit for up to $30,000 for installing fast charging stations.
Eaton’s electrical business is a global leader in power distribution, power quality, control and industrial automation products and services. Eaton’s global electrical product lines, including Cutler-Hammer®, Moeller®, Powerware®, Holec®, MEM®, Santak®, and MGE Office Protection Systems™ provide customer-driven PowerChain Management® solutions to serve the power system needs of the data center, industrial, institutional, government, utility, commercial, residential, and OEM markets worldwide.
Eaton Corporation is a diversified power management company with 2009 sales of $11.9 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.