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Tax Credit Consulting: Energy Efficient Air Conditioners Montrose 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.

Bradley D Patterson
(801) 531-3033
1225 17TH ST STE 2300
DENVER, CO
Specialties
Public Finance, Energy, Project Finance
Education
Columbia University School of Law,Brigham Young University
State Licensing
Colorado

Stanley R. Phillips
(580) 541-9612
4550 Cherry Creek South Drive, Apt. 1113
Denver, CO
 
Lisa A Decker
(303) 634-2014
1200 17th Street, Ste. 1900
Denver, CO
Specialties
Environmental, Energy, Construction
Education
STANFORD U
State Licensing
Arizona, 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

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

Thorvald Andrew Nelson
(303) 290-1601
8390 E CRESCENT PKWY STE 400
GREENWOOD VILLAGE, CO
Specialties
Litigation, Energy
Education
Georgetown University Law Center,Saint Louis University
State Licensing
Colorado

Bradley Seaton Thedinger II
(303) 454-2551
1200 17th Street, Ste 1500
Denver, CO
Specialties
Environmental, Energy
Education
University of Colorado School of Law,Vanderbilt University
State Licensing
Colorado

Julia Ashley Jones
(303) 407-4499
216 16TH ST STE 1100
DENVER, CO
Specialties
Environmental, Energy
Education
Earlham College,Purdue University,Indiana University,Indiana University School of Law
State Licensing
Colorado, Maryland

Mark A Davidson
(303) 295-8572
555 17th Street, Suite 3200
Denver, CO
 
Carolyn L Mcintosh
(303) 894-6127
1801 California Street Suite 4900
Denver, CO
Specialties
Environmental, Energy
Education
University of Colorado School of Law,Middlebury College
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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