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Tax Credit Consulting: Energy Efficient Air Conditioners Tewksbury MA

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.

Alan D Mandl
(617) 228-4464
55 Old Bedford Road
Lincoln, MA
 
Kia Lynn Freeman
(617) 452-1652
55 CAMBRIDGE PKWY
CAMBRIDGE, MA
Specialties
Energy, Intellectual Property
Education
Loyola Law School, Loyola Marymount University,Massachusetts Institute of Technology
State Licensing
Massachusetts

Jeffrey M Bernstein
(617) 244-9500
1 GATEWAY CTR STE 851
NEWTON, MA
Specialties
Land Use & Zoning, Environmental, Commercial, Energy
State Licensing
Massachusetts, Vermont

Frank W Beckstein III
(617) 778-7505
2 Oliver Street, 10th Floor
Boston, MA
Specialties
Litigation, Commercial, Energy
State Licensing
Massachusetts

Nancy Reiner
(617) 856-8272
1 FINANCIAL CTR
BOSTON, MA
Specialties
Litigation, Insurance, Energy, Environmental
Education
Northeastern University School of Law,Tufts University
State Licensing
Massachusetts

William Laskow Lahey
(617) 621-6550
1 CANAL PARK
CAMBRIDGE, MA
Specialties
Environmental, Energy, Land Use & Zoning
State Licensing
Massachusetts

Stephen H Burrington
(617) 621-6500
1 CANAL PARK
CAMBRIDGE, MA
Specialties
Energy, Land Use & Zoning, Environmental
Education
University of Michigan Law School,University of Edinburgh
State Licensing
Massachusetts

Gregory K Lawrence
(617) 535-4030
28 State Street, 34 Floor
Boston, MA
Specialties
Energy, Project Finance, Contracts
State Licensing
DC, Massachusetts

Bruce Folker Anderson
(617) 737-1803
Energy &Telecommunications Div, 1 Ashburton Place
Boston, MA
Specialties
Energy, Health Care, Fraud
State Licensing
Massachusetts

John W Wadsworth
(617) 856-8596
1 FINANCIAL CTR
BOSTON, MA
Specialties
Energy, Environmental, Real Estate
Education
Yale University,State University of New York at Buffalo
State Licensing
Massachusetts

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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