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Tax Credit Consulting: Energy Efficient Air Conditioners Waianae HI

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.

Tax Lady
(808) 696-6009
85-998 Farrington Hwy
Waianae, HI
 
Waianae Coast Tax Service
(808) 696-8911
85-876 Farrington Hwy Ste 203
Waianae, HI
 
H & R Block
(808) 329-2822
75-5719 Hualalai Rd Ste D118
Kailua Kona, HI
 
H & R Block
(808) 959-1715
111 E Puainako St
Hilo, HI
 
H & R Block
(808) 674-2738
590 Farrington Hwy
Kapolei, HI
 
Stitches R US
(808) 696-6009
85-998 Farrington Hwy
Waianae, HI
 
Fms Hawaii Inc
(808) 845-7995
1449 N King St
Honolulu, HI
 
C A L M Inc
(808) 245-8747
PO Box 3310
Lihue, HI
 
K & K Tax Preparation
(808) 885-9843
Kamuela, HI
 
Better Income Tax Service
(808) 235-4886
Kaneohe, HI
 

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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