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Tax Credit Consulting: Energy Efficient Air Conditioners Douglas GA

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.

Barbara H. Gallo
(404) 888-0169
ATLANTIC STATION 201 17TH ST NW STE 1700
ATLANTA, GA
Specialties
Energy, Environmental, Administrative Law, Litigation
Education
Samford University, Cumberland School of Law
State Licensing
Alabama, Georgia

Jeffrey Ryan Jones
(404) 853-8184
999 Peachtree Street, N.E.
Atlanta, GA
 
Peter A. Fozzard
(404) 853-8330
999 Peachtree Street N.E., Suite 2300
Atlanta, GA
Specialties
Project Finance, Energy, Commercial
Education
Columbia University
State Licensing
Georgia

Julius M. Hulsey
200 E East Butler Parkway
Gainesville, GA
Specialties
State, Local And Municipal Law, Energy, Administrative Law, Wills, Estate Planning
Education
University of Georgia School of Law,University of Georgia, Athens
State Licensing
Georgia

Jeffrey Morton Harvey
(478) 625-3000
504 Screven Street, Po Box 466
Louisville, GA
Specialties
Bankruptcy, Banking, Energy, Health Care, Contracts, Debt Agreements, Employment, General Practice
Education
Florida State University,Georgia State University
State Licensing
Georgia

Jeffrey W. Bell
(404) 888-3821
1275 PEACHTREE ST NE
ATLANTA, GA
Specialties
Arbitration, Employee Benefits, Contracts, Discrimination, Energy
Education
Mercer University - Walter F. George School of Law,Georgia State University
State Licensing
Georgia

Cindy A. Upchurch
(404) 853-8181
999 Peachtree Street N.E., Suite 2300
Atlanta, GA
Specialties
Energy, Securities Offerings, Tax
Education
University of Georgia
State Licensing
Georgia

Kristin Lynn Haynes
100 WAGON YARD PLZ
CARROLLTON, GA
Specialties
Health Care, Energy, Business, Commercial
Education
Georgia State University College of Law,Mercer University, Macon, Georgia
State Licensing
Georgia

John S. Pratt
(404) 815-6367
1100 Peachtree St., N.E., Suite 2800
Atlanta, GA
Specialties
Construction, Advertising, Energy
Education
Harvard University
State Licensing
Georgia

Brad Carver
(404) 954-5000
1180 West Peachtree Street STE 900
Atlanta, GA
Specialties
Energy Law

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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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