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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.

Levi D Williamson
(970) 522-2341
214 Poplar Street
Sterling, CO
Specialties
Business, Estate Planning, Child Custody, Divorce, Wills, Energy, Family
Education
Oklahoma City University School of Law,Doane College
State Licensing
Colorado

Howard L Boigon
(303) 454-2507
1200 Seventeenth Street, Ste 1500
Denver, CO
Specialties
Energy, Business
Education
University of Michigan Law School,University of Michigan
State Licensing
Colorado

Jenna H. Keller
(970) 241-5500
744 HORIZON CT STE 300
GRAND JUNCTION, CO
Specialties
Real Estate, Land Use & Zoning, Estate Planning, Energy
Education
University of Wyoming College of Law,Colorado College
State Licensing
Colorado

Rachael Brooke Gamble
(303) 292-9021
1801 BROADWAY STE 1600
DENVER, CO
 
Mark A Davidson
(303) 295-8572
555 17th Street, Suite 3200
Denver, CO
 
William H Caile
(303) 295-8403
555 17th Street, Suite 3200
Denver, CO
Specialties
Environmental, Energy, Commercial
State Licensing
Colorado

Jacqueline Shannon Ponder
(303) 894-6196
1801 California Street, Suite 4900
Denver, CO
Specialties
Energy, Environmental, Lawsuits & Disputes, Government
Education
University of Colorado School of Law,Colorado College
State Licensing
Colorado

Peter Simon Gould
(303) 894-6176
1801 California Street, Suite 4900
Denver, CO
Specialties
Environmental, Energy, Lawsuits & Disputes
Education
Vermont Law School,Vermont Law School,Trinity College
State Licensing
Colorado

Randolph Thomas Geyer
(970) 247-3091
150 East Ninth Street, Suite 400
Durango, CO
Specialties
Business, Energy, Insurance, Oil & Gas, Probate, Real Estate, Construction, Litigation
Education
Texas Tech University
State Licensing
Texas

David H Mcconaughy
(970) 947-1936
420 Seventh Street, Ste 100
Glenwood Springs, CO
Specialties
Real Estate, State, Local And Municipal Law, Energy, Construction, Litigation
Education
University of California at Berkeley, Boalt Hall School of Law,Harvard University
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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