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Tax Credit Consulting: Energy Efficient Air Conditioners Cody WY

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.

Matthew Delano Kaufman
(307) 634-7723
2515 Warren Avenue, Suite 500, P.O. Box 1208
Cheyenne, WY
Specialties
Business, Litigation, Corporate, Environmental, Energy
Education
University of Wyoming College of Law,University of Wyoming
State Licensing
Colorado, Wyoming

William J. Thomson II
(307) 634-8891
204 East 22nd Street
Cheyenne, WY
Specialties
Energy, Environmental, Oil & Gas, Government
Education
University of Wyoming College of Law
State Licensing
Wyoming

Walter F. Eggers III
(307) 778-4200
2515 Warren Avenue, Suite 450, P.O. Box 1347
Cheyenne, WY
Specialties
Environmental, Oil & Gas, Tax, Energy
Education
University of Wyoming College of Law,American University
State Licensing
Wyoming

Lee Barton Peach
(307) 634-8891
204 E. 22nd Street
Cheyenne, WY
Specialties
Business, Corporate, Health Care, Energy, Litigation
Education
Southern Illinois University School of Law,Southern Illinois University School of Law,Murray State U
State Licensing
Colorado, Wyoming

Lucas Evan Buckley
(307) 634-7723
2515 Warren Avenue, Suite 500, P.O. Box 1208
Cheyenne, WY
Specialties
Litigation, Administrative Law, Environmental, Energy, Appeals
Education
University of Wyoming College of Law,Boston University
State Licensing
Colorado, Wyoming

Michael Douglas Basom
(307) 634-8891
204 East 22nd Street
Cheyenne, WY
Specialties
Administrative Law, Banking, Business, Corporate, Energy
State Licensing
Wyoming

Brian Joseph Hanify
(307) 634-8891
204 East 22nd Street
Cheyenne, WY
Specialties
Administrative Law, Appeals, Corporate, Employment, Energy
Education
University of Wyoming College of Law,University of Wyoming
State Licensing
Wyoming

Roger Fransen
(307) 634-1525
1800 Carey Avenue, Suite 700, P.O. Box 467
Cheyenne, WY
Specialties
Energy, Administrative Law, Workers Compensation, Appeals, Litigation
Education
University of Wyoming College of Law,South Dakota State University
State Licensing
Wyoming

Paul J Hickey
(307) 634-1525
1800 Carey Avenue Ste 700, P O Box 467
Cheyenne, WY
Specialties
Energy, Environmental, Personal Injury, Employment, Estate Planning
Education
University of Wyoming College of Law,University of Wyoming
State Licensing
Colorado, Wyoming

Teresa B. Buffington
(307) 778-4200
2515 Warren Avenue, Suite 450, P.O. Box 1347
Cheyenne, WY
Specialties
Financial Markets And Services, Business, Real Estate, Energy
Education
University of Colorado School of Law,Ohio University
State Licensing
Wyoming

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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