Business Tax Recovery Logo


Tax Credit Consulting: Energy Efficient Air Conditioners Conway AR

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.

P. Joshua Wisley
(479) 582-5711
211 E DICKSON ST
FAYETTEVILLE, AR
Specialties
Banking, Construction, Energy
Education
University of Arkansas at Little Rock, William H. Bowen School of Law,University of Oklahoma
State Licensing
Arkansas

Thomas Christopher Pledger
(501) 975-3000
124 West Capitol Avenue, Suite 2000
Little Rock, AR
Specialties
Corporate, Financial Markets And Services, International Law, Energy
Education
Louisiana State University
State Licensing
Arkansas, Texas

Jay Mark Davis
(501) 212-1233
200 W CAPITOL AVE STE 2300
LITTLE ROCK, AR
Specialties
Telecommunications, Energy, Litigation, Real Estate, Bankruptcy
Education
University of Arkansas at Little Rock, William H. Bowen School of Law,Southern Methodist University
State Licensing
Arkansas

John Purifoy Gill
(501) 376-3800
425 W CAPITOL AVE STE 3801
LITTLE ROCK, AR
Specialties
International Law, Appeals, Administrative Law, Energy, Real Estate
Education
Vanderbilt University Law School,Hendrix College
State Licensing
Arkansas

Stephen Kevin Cuffman
(501) 376-3800
425 W CAPITOL AVE STE 3801
LITTLE ROCK, AR
Specialties
Business, Energy, Insurance, Personal Injury, Construction
Education
University of Arkansas at Little Rock, William H. Bowen School of Law,Henderson State University
State Licensing
Arkansas

David R. Matthews
(479) 636-0875
119 S 2ND ST
ROGERS, AR
Specialties
Personal Injury, Insurance, Energy, Litigation, Family
Education
University of Arkansas,University of Arkansas
State Licensing
Arkansas

John S. Selig
(501) 688-8807
425 W CAPITOL AVE STE 1800
LITTLE ROCK, AR
Specialties
Business, Corporate, Securities Offerings, Banking, Energy
Education
New York University Graduate School of Law,Tulane University,University of Arkansas
State Licensing
Arkansas

Eric Glen Hughes
(870) 245-2320
303 PROFESSIONAL PARK DRIVE PO BOX 947
ARKADELPHIA, AR
Specialties
Energy, Insurance, Litigation
Education
University of Arkansas, Fayetteville, Leflar Law Center,University of Arkansas
State Licensing
Arkansas

James E. Hathaway III
(501) 975-3000
124 W CAPITOL AVE STE 2000
LITTLE ROCK, AR
Specialties
Banking, Energy, Public Finance, Real Estate
Education
University of Arkansas at Little Rock, William H. Bowen School of Law,Vanderbilt University
State Licensing
Arkansas

C. Eric Vester
(479) 636-0875
119 S 2ND ST
ROGERS, AR
Specialties
Litigation, Probate, Energy, Insurance, Family
Education
University of Arkansas at Little Rock, William H. Bowen School of Law,University of Arkansas
State Licensing
Arkansas

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...

Click here to read the rest of this article from BusinessTaxRecovery.com