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Tax Credit Consulting: Energy Efficient Air Conditioners Stillwater OK

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.

Charles Bradley Williams
(405) 600-1981
100 North Broadway, Suite 2430
Oklahoma City, OK
Specialties
Energy, Oil & Gas, Administrative Law
Education
University of Oklahoma
State Licensing
Texas

Leonard Jim C CPA
(405) 372-4000
205 W 7th Ave
Stillwater, OK
 
Stillwater Income Tax Service Llc
(405) 377-6113
1316 S Perkins Rd
Stillwater, OK
 
Jackson Hewitt Tax Services
(405) 372-4829
2312 N Perkins Rd
Stillwater, OK
 
Carie Dawn Martin Jones
(405) 935-6264
Chesapeake Energy Corporation, 6100 N. Western Avenue
Oklahoma City, OK
Specialties
Litigation, Energy
Education
New York University School of Law,Texas Tech University School of Law
State Licensing
Texas

H & R Block
(405) 377-1969
101 N Main St
Stillwater, OK
 
Security Finance Corp
(405) 743-0621
119 E 9th Ave
Stillwater, OK
 
Nelson John G CPA
(405) 624-9500
205 W McElroy Rd
Stillwater, OK
 

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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