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Tax Credit Consulting: Energy Efficient Air Conditioners Claymont DE

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.

Emilie R Ninan
(302) 252-4426
919 N. MARKET STREET, 12TH FLR
Wilmington, DE
Specialties
Project Finance, Public Finance, Health Care, Energy
Education
Georgetown University Law Center,Georgetown University School of Business,Temple University
State Licensing
Delaware

Bonnie Macdougal Kistler
(610) 640-7845
Pepper Hamilton Llp, 899 Cassatt Rd
Berwyn, PA
Specialties
Energy, Bankruptcy, Chapter 11
State Licensing
Pennsylvania

Robert Camp Gerlach
(215) 864-8526
1 LIBERTY PL
PHILADELPHIA, PA
Specialties
Business, Financial Markets And Services, Energy, Investment Fraud, Partnership
Education
University of Pennsylvania Law School,Lehigh University
State Licensing
Pennsylvania

Bruce A. Eisenberg
130 N 18TH ST 1 LOGAN SQUARE
PHILADELPHIA, PA
Specialties
Energy, Real Estate, Business, Mergers & Acquisitions, Financial Markets And Services
Education
Villanova University School of Law,University of Pennsylvania
State Licensing
Pennsylvania

Brian J. Walsh
(570) 288-1427
1 LIBERTY PL
PHILADELPHIA, PA
Specialties
Public Finance, Energy, Project Finance, Health Care, Banking
Education
Georgetown University Law Center,Harvard College
State Licensing
Pennsylvania

Wendie C Stabler
(302) 421-6865
222 DELAWARE AVENUE, STE.1200, P.O. BOX 1266
Wilmington, DE
Specialties
Land Use & Zoning, Real Estate, Energy
State Licensing
Delaware

Gregory J. Kleiber
(215) 299-2874
2000 MARKET ST FL 10
PHILADELPHIA, PA
Specialties
Public Finance, Real Estate, Energy
Education
Yale Law School,Haverford College,University of Pennsylvania
State Licensing
Pennsylvania

Randall J. Towers
(215) 864-8522
1 LIBERTY PL
PHILADELPHIA, PA
Specialties
Business, Financial Markets And Services, Energy, Mergers & Acquisitions, Public Finance
Education
Widener University School of Law,Saint Joseph's University
State Licensing
Pennsylvania

Valarie J. Allen
(215) 864-8565
1 LIBERTY PL
PHILADELPHIA, PA
Specialties
Public Finance, Energy, Project Finance, Investment Fraud, Health Care
Education
University of Pennsylvania Law School,Harvard College
State Licensing
Pennsylvania

John M. Ix Jr.
1616 WALNUT ST
PHILADELPHIA, PA
Specialties
Intellectual Property, Energy, Environmental
Education
Colgate University,Indiana University,Indiana University School of Law
State Licensing
Pennsylvania

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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