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Tax Credit Consulting: Energy Efficient Air Conditioners Denver 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.

Ezekiel James Williams
(303) 607-3665
1700 LINCOLN ST
DENVER, CO
Specialties
Business, Oil & Gas, Energy, Environmental
Education
University of Denver College of Law,Montana State University, Bozeman
State Licensing
Colorado

Christopher L Colclasure
(303) 866-0398
1700 Lincoln Street, Ste 4100
Denver, CO
Specialties
Energy, Litigation, Appeals
State Licensing
Colorado

Eric Jay Triplett
(303) 607-3612
1700 LINCOLN ST
DENVER, CO
Specialties
Energy, Environmental, Federal Regulation
Education
University of Texas School of Law,Purdue University,University of Missouri, Rolla
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

Randy Jay Shefman
(303) 899-7338
One Tabor Center, 1200 Seventeenth Street, Ste. 1500
Denver, CO
Specialties
Energy, Project Finance
Education
University of Colorado School of Law,University of Denver College of Law,University of Michigan
State Licensing
Colorado, New York

Eric J Voogt
(303) 861-5300
1660 LINCOLN ST STE 1700
DENVER, CO
Specialties
Litigation, Environmental, Construction, Insurance, Energy
Education
University of Kansas School of Law,Kansas State University
State Licensing
Colorado

John K Akers Jr
(303) 825-1125
1580 LINCOLN ST LINCOLN COURT BLDG
DENVER, CO
Specialties
Energy, Estate Planning
State Licensing
Colorado

Rachael Brooke Gamble
(303) 292-9021
1801 BROADWAY STE 1600
DENVER, CO
 
Martha Fitzgerald Bauer
(303) 223-1472
410 17TH ST FL 22
DENVER, CO
Specialties
Environmental, Litigation, Energy, Intellectual Property
Education
Georgetown University Law Center,University of Colorado - Boulder,University of Denver
State Licensing
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

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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