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Tax Credit Consulting: Energy Efficient Air Conditioners Lewiston ME

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.

William V. Ferdinand Jr.
(207) 729-1144
167 Park Row
Brunswick, ME
Specialties
Government, Energy, Environmental, State, Local And Municipal Law, Health Care
Education
Tulane University Law School,Vermont Law School,St. Lawrence University
State Licensing
Maine

Jeffrey A. Thaler
(207) 228-7312
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Environmental, Litigation, Energy
Education
Yale Law School,Williams College
State Licensing
Maine

Angus S. King Jr.
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business, Energy, State, Local And Municipal Law, Federal Regulation
Education
University of Virginia Law School,Dartmouth College
State Licensing
Maine

Asha Ann Echeverria
(207) 228-7279
100 Middle Street
Portland, ME
Specialties
Energy, Environmental, Litigation
Education
George Washington University National Law Center,University of Pennsylvania
State Licensing
Maine

John (Jack) H. Montgomery
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Energy, Litigation
Education
University of Maine School of Law,Middlebury College
State Licensing
Maine

William V. Ferdinand Jr.
(207) 729-1144
167 Park Row
Brunswick, ME
Specialties
Government, Energy, Environmental, State, Local And Municipal Law, Health Care
Education
Tulane University Law School,Vermont Law School,St. Lawrence University
State Licensing
Maine

Patrick J. Scully
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
 
William S Harwood
(207) 253-4702
PO BOX 586
PORTLAND, ME
Specialties
Energy, Administrative Law, Federal Regulation
State Licensing
Massachusetts

Katherine A. Joyce
(207) 228-7297
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Environmental, Energy
Education
University of Maine School of Law,Vermont Law School,Middlebury College
State Licensing
Maine

Gordon F. Grimes
(207) 228-7233
100 Middle Street, West Tower
Portland, ME
 

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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