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Tax Credit Consulting: Energy Efficient Air Conditioners Greenville NC

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.

Gardner Marshall Payne
(919) 836-4005
TWO HANNOVER SQ., 434 FAYETTEVILLE ST STE 2140
RALEIGH, NC
 
Robert S. Lilien
(704) 377-8378
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Corporate, Mergers & Acquisitions, Energy, Real Estate, Tax
Education
University of North Carolina School of Law,Duke University
State Licensing
North Carolina

Mary L. Grigg
(919) 755-6573
P. O. Box 831
Raleigh, NC
Specialties
Energy, Administrative Law, Government
State Licensing
North Carolina

Kent J. Mccready
(704) 377-8312
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Venture Capital, Banking, Corporate, Mergers & Acquisitions, Energy
Education
University of North Carolina School of Law,University of Delaware
State Licensing
North Carolina

Robert F. Page
(919) 791-0009
4010 BARRETT DR STE 205
RALEIGH, NC
Specialties
Energy, Telecommunications, Corporate, Administrative Law
Education
Duke University School of Law,Duke University
State Licensing
North Carolina

Stephan J. Willen
(704) 377-8382
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Corporate, Banking, Mergers & Acquisitions, Energy, Venture Capital
Education
Duke University School of Law,University of Michigan
State Licensing
North Carolina

James Y. Kerr II
(919) 755-6688
4325 Mail Service Center
Raleigh, NC
 
Charles Ruffin Poole
(919) 755-6677
20301 Mail Service Center, State Capitol
Raleigh, NC
Specialties
Energy, Media, Government
State Licensing
North Carolina

Frank A. Schiller
(919) 755-6677
PO Box 1551
Raleigh, NC
Specialties
Energy, Litigation, Commercial
State Licensing
North Carolina

W. Edward Poe Jr.
(704) 335-9051
Three Wachovia Center, 401 S. Tryon St., Ste. 3000
Charlotte, NC
Specialties
Energy, Litigation, Appeals
State Licensing
North Carolina

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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