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Tax Credit Consulting: Energy Efficient Air Conditioners Broomfield CO

The government often tries to influence our behavior through taxes. The tax credit for new installation of air conditioning systems that are energy efficient is one example.

Elizabeth Odell Downing
(303) 407-4499
216 16TH ST STE 1100
DENVER, CO
 
Michael Joseph Wozniak
(303) 407-4499
216 16TH ST STE 1100
DENVER, CO
Specialties
Energy, Environmental
Education
University of Colorado School of Law,Indiana University
State Licensing
Colorado

Carolyn L Mcintosh
(303) 894-6127
1801 California Street Suite 4900
Denver, CO
Specialties
Environmental, Energy
Education
University of Colorado School of Law,Middlebury College
State Licensing
Colorado

Rebecca Wunder Watson
(303) 454-2450
ONE TABOR CENTER, 1200 17TH ST STE 1500
DENVER, CO
Specialties
Environmental, Energy
Education
University of Denver College of Law,University of Denver,University of Denver
State Licensing
Colorado

Jack Randall Luellen
(303) 407-4499
216 16th St Ste 1100
Denver, CO
Specialties
Energy, Environmental
Education
Univ of Minnesota L S,Colorado St Univ
State Licensing
California, Colorado

Michael James Driver
(303) 894-6147
1801 CALIFORNIA ST
DENVER, CO
Specialties
International Law, Energy, Environmental
Education
Amherst College,University of Denver
State Licensing
Colorado

Dominick Sekich
(303) 292-2900
16 Market Square, 6th Floor, 1400 16th Street
Denver, CO
Specialties
Real Estate, Energy, Contracts
State Licensing
Colorado

Lance F Astrella
(303) 292-9021
1801 Broadway Suite 1600
Denver, CO
Specialties
Environmental, Energy
Education
McGeorge SOL Univ of the Pacific,Univ of California Davis
State Licensing
California, Colorado

Jacqueline Shannon Ponder
(303) 894-6196
1801 California Street, Suite 4900
Denver, CO
Specialties
Energy, Environmental, Lawsuits & Disputes, Government
Education
University of Colorado School of Law,Colorado College
State Licensing
Colorado

David Eliot Brody
(303) 894-6185
1801 CALIFORNIA ST STE 4900
DENVER, CO
Specialties
Energy, Oil & Gas, International Law
Education
American University Washington College of Law,University of Colorado
State Licensing
Colorado

Tax Credit Consulting: Energy Efficient Air Conditioners

Tax Credit for New Installation of Air Conditioning

The government often tries to influence our behavior through taxes. The tax credit for new installation of air conditioning systems that are energy efficient is one example.

As part of the provisions in the Energy Policy Act 2005, homeowners are entitled to claim tax credits on use of a few energy saving items. They include installation of energy saving windows, doors, roofing, furnace and boiler, water heater and air conditioner. As energy becomes scarcer by the day, it is essential to conserve as much energy as possible. The government, by way of giving tax credits, also encourages using alternate sources of energy.

New installation of energy efficient air conditioning systems is one of the items that qualify for tax credit. Individuals who install this type of air conditioner are eligible for a tax credit of up to $300. The models that qualify are obviously costlier than the ordinary ones. However, this calculation would show that it is advisable to install a new energy saving air conditioner. Even if you save just $10 a month on average by way of electricity bills it comes to $120 for a year. Add to that the tax credit of $300, your net saving is $420. This amount should be good enough to prod a homeowner into buying an energy efficient air-conditioner.

Of course, not all air conditioners are eligible for a tax credit. Even, not all Energy Star air conditioners qualify, only some do. Very efficient central air conditioners qualify for the tax credit if they meet the following criteria:

• The Energy Efficiency Ratio has to be 13.0 or higher (in some states its 12.5).
• Certified technician needs to install the equipment.
• The Seasonal Energy Efficiency Ratio (SEER) has to be 15.

SEER measures performance throughout the season and EER measures performance on a very hot day. Central Air conditioning systems must meet the standards set by the Consortium of Energy Efficiency (CEE). The specificat...

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